Lotte Chemical Titan Holding consolidated and touched the RM3.25 resistance level. With its RSI indicator poiting upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.37, followed by RM3.42. The downside support is marked at RM3.10. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.25
Target: RM3.37, RM3.42 (time frame: 2-4 weeks)
Exit: RM3.10
Source: AmInvest Research - 8 Jun 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024