KOSSAN - Looking for bullish continuationKossan Rubber Industries Bhd.MYX_DLY:KOSSANmg6112N wave with V, N & NT projection Overall trend: Bullish reversal with positive momentum. Key observations: 1. Price breakout: Share price has moved above the RM1.22 resistance area, which is an important bullish development. 2. Ichimoku: Price is trading above the Kumo cloud. The forward cloud is green, indicating a positive trend outlook. 3. Momentum: Recent candles show strong buying interest, with price advancing from the RM1.15–RM1.22 consolidation zone. 4. Resistance: Price is approaching the RM1.34–RM1.35 resistance area. A convincing breakout would strengthen the bullish continuation scenario. 5. Volume: Trading volume of 4.11 million shares indicates active participation. Continued volume expansion would provide better confirmation of the breakout. Price levelTechnical interpretation RM1.49 V projection / extended target RM1.41 N projection / primary target RM1.35 Immediate breakout resistance RM1.31 Current price RM1.22 NT projection / important support RM1.15 Secondary support RM1.11 Major support Strategy A - Entry: RM1.35–RM1.37, after a confirmed daily close above RM1.35. - Confirmation: Strong volume accompanying the breakout. - Take Profit 1: RM1.41. - Take Profit 2: RM1.49. - Stop Loss: RM1.29. Strategy B - Entry zone: RM1.24–RM1.27. - Confirmation: Price stabilises and forms a bullish reversal candle. - Take Profit 1: RM1.35. - Take Profit 2: RM1.41. - Take Profit 3: RM1.49. - Stop Loss: RM1.19. The pullback strategy offers a more favourable entry, provided RM1.22 remains intact. Bullish continuation is favoured, but RM1.35 is the immediate technical hurdle. A successful breakout with strong volume could open the way towards RM1.41, followed by RM1.49. Notes: 1. Analysis for education purpose only. 2. Trade at your own risk.