KOSSAN - BREAKOUT DOWNTREND LINEKossan Rubber Industries Bhd.MYX_DLY:KOSSANmg6112The price broke above the downtrend line with a strong bullish candle and volume spike, showing buying pressure. However, it is now testing the lower Kumo boundary, which acts as immediate resistance around 1.28–1.30. If price can sustain above the Kumo, this would confirm a trend reversal. Tenkan-sen > Kijun-sen, indicating short-term bullish momentum. Both lines are starting to turn upward, showing early signs of a trend shift. The Chikou Span is crossing the price candles, signaling an early bullish transition but still below the Kumo — caution is needed until it clears the cloud. Notes: 1. Analysis for education purpose only. 2. Trade at your own risk. A significant volume surge accompanied the breakout, confirming accumulation activity. Current pullback on lower volume suggests profit-taking rather than reversal. Immediate resistance: 1.28–1.30 (lower Kumo boundary). Next resistance: 1.38–1.40 (top of Kumo). Support: 1.18 (trendline retest) and 1.10 (recent low base). Kossan Rubber shows an early-stage bullish reversal setup. The breakout above the long-term downtrend with volume is a strong technical signal, but the Kumo resistance (1.28–1.38) must be cleared for a sustained uptrend. A successful retest around 1.20–1.25 could offer a good risk-reward entry toward 1.38–1.50. False breakouts are common near trendlines and cloud boundaries; confirmation via volume and subsequent closes is essential.