AmInvest Research Reports
Stocks on Radar - Lotte Chemical Titan Holding (5284)
AmInvest
Publish date: Fri, 28 Jan 2022, 09:21 AM
AmInvest
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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 consolidated and tested the RM2.26 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM2.34 and RM2.37. The downside support is projected at RM2.18. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM2.26
Target: RM2.34, RM2.37 (time frame: 2-4 weeks)
Exit: RM2.18
Source: AmInvest Research - 28 Jan 2022
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