Rubber and glove related stocks are currently the darlings of the market. These stocks continue to outperform the general market and Kossan is one of them. Since hitting its high of RM5.40 on 13 Nov 2009, Kossan did a minor dip and started to consolidate around its immediate support at RM4.80 and the 50-day moving avearage. The MACD trend indicator remains flat around its centreline but interestingly the MFI oscillator bounced off from its suport and it has started to inch upwards which suggests that upside momentum is building up. A break above its immediate  resistance level may see a re-test of its current year-to-date high of RM5.40. A break above it shall open up scope to target the next stronger resistance at RM5.90. A break below its immediate support at RM4.80 may negate the bullish tone to see a slide towards the next support at RM4.40