RHB Retail Research
Technical Analysis - Lotte Chemical Titan
Lotte Chemical Titan may rebound higher after it continued holding above the MYR4.29 support. Last Friday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.45 level, with an exit set below the MYR4.29 threshold. Towards the upside, the near-term resistance is at MYR4.69. This is followed by the MYR4.88 level.
Source: RHB Securities Research - 22 Oct 2018
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