Lotte Chemical Titan Holding is eyeing to propel higher as it persisted its bullish momentum following the recent mild pullback and headed towards the MYR2.42 immediate resistance yesterday. If it manages to breach above that level – forming a “higher high” bullish pattern – the stock is expected to travel towards MYR2.53, followed by the MYR2.62 mark. Conversely, falling below the immediate support of MYR2.26 may trigger the resumption of a downward correction as it forms a “lower low” bearish structure beneath the 21-day average line.

Source: RHB Securities Research - 11 Mar 2022