Lotte Chemical Titan Holding continued rising and hit the RM2.42 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.50, followed by RM2.54. The downside support is marked at RM2.34. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.42

Target: RM2.50, RM2.54 (time frame: 2-4 weeks)

Exit: RM2.34
 

Source: AmInvest Research - 30 Dec 2021