Lotte Chemical Titan Holding jumped and touched the RM2.36 resistance level. With its higher high candle stick pattern, coupled with higher trading volume, there is a good chance it will break out and head towards the shortterm target price of RM2.45, followed by RM2.48. The downside support is marked at RM2.27. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.36

Target: RM2.45, RM2.48 (time frame: 2-4 weeks)

Exit: RM2.27

Source: AmInvest Research - 13 Nov 2020