• Share price closed 4.14% higher at RM2.77 yesterday.
• LCTITAN broke out from its consolidation to form a bullish engulfing pattern. It seems to have found its lowest point at RM2.51 since early Sept. Yesterday, it has formed a rounding bottom.
• Its share price closed above all key moving averages for the first day since early Sept. Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM2.90 (R1) and RM3.07 (R2).
• On the flipside, support levels are pegged at RM2.64 (S1) and RM2.51 (S2).
Source: Rakuten Research - 14 Oct 2021
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Created by rakutentrade | Aug 23, 2024