RHB Retail Research

Trading Stocks - Lotte Chemical Titan

rhboskres
Publish date: Wed, 10 Mar 2021, 05:51 PM
rhboskres
0 9,020
RHB Retail Research

Lotte Chemical Titan managed to break out from its 1.5-week sideways consolidation zone, which took place around the 21- day and 200-day SMA lines. This implies a rebound extension is likely in the process of developing. A positive bias is expected to appear above MYR2.25, with resistance levels marked at MYR2.45 and MYR2.60. This bias would be negated if MYR2.25 fails.

Source: RHB Securities Research - 10 Mar 2021

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