Rakuten Trade Research Reports

Technical View - Lotte Chemical Titan Holding Berhad

Publish date: Wed, 04 Jan 2023, 01:10 PM
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• Share price closed 2.82% higher at RM1.46 on Tuesday.

• LCTITAN has been on a multi-month downtrend. It closed above its MA 20 and MA 50 lines yesterday. If share price is able to maintain above the MA 20 and MA 50 lines, a rebound can be expected. In line with the uptick momentum, share price is expected to move towards its MA 200 line.

• Resistance levels are identified at RM1.55 (R1) and RM1.65 (R2).

• On the flipside, support levels are pegged at RM1.30 (S1) and RM1.31 (S2).

Source: Rakuten Research - 4 Jan 2023

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