Lotte Chemical Titan Holding surged and touched the RM2.37 resistance level with higher trading volume. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.46, followed by RM2.55. The downside support is marked at RM2.19. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.37

Target: RM2.46, RM2.55 (time frame: 2-4 weeks)

Exit: RM2.19

Source: AmInvest Research - 10 Mar 2021