RHB Retail Research
Trading Stocks - Lotte Chemical Titan
Lotte Chemical Titan was testing the resistance level of MYR2.15 with a higher trading volume. As such, we think that the momentum will extend towards the resistance levels of MYR2.25 and MYR2.40. If it trades below MYR2.15, expect another sideways consolidation again. Meanwhile, a downside breach of the MYR2.00 support would see further share price correction.
Source: RHB Securities Research - 1 Oct 2020
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