Rakuten Trade Research Reports
Technical View - Lotte Chemical Titan Holding Bhd
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Publish date: Fri, 11 Mar 2022, 09:49 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Lotte Chemical Titan Holding Bhd (LCTITAN, 5284)
• Share price closed 1.7% higher at RM2.39 on Thursday.
• LCTITAN has broken out from its consolidation phase with high volume on 3 March 2022. Its share price has also trended above its MA20 and MA50 recently.
• Coupled with uptick in its indicators, we anticipate the share price to move higher.
• Resistance levels are identified at RM2.42 (R1) and RM2.51 (R2).
• On the flipside, support levels are pegged at RM2.30 (S1) and RM2.10 (S2).
Source: Rakuten Research - 11 Mar 2022
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