LTKM fell 16.0 sen or 2.5% to RM6.16 yesterday. Despite the fall, the regression showed that the uptrend is still intact while the share price is also above all its SMA trend lines. We observed that the stock was in a healthy consolidation with thin trading volume while both Stochastics and RSI indicators are neutralizing their overbought situation. We advocate investors to look out for entry opportunity at RM5.95 (S1), in line with the immediate support level as well as at -2SD of the regression trend lines.

Source: Kenanga