AmInvest Research Reports
Stocks on Radar - Lotte Chemical Titan Holding (5284)
AmInvest
Publish date: Tue, 10 Sep 2019, 11:16 AM
AmInvest
0 9,391
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Lotte Chemical Titan Holding has rebounded from its low to test the immediate resistance level of RM2.70. With a rising RSI, a bullish bias may be present above this mark with target prices of RM2.87 and RM3.04. The immediate support is anticipated at RM2.53, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM2.70
Target: RM2.87, RM3.04 (time frame: 3-6 weeks)
Exit: RM2.53
Source: AmInvest Research - 10 Sept 2019
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