RHB Retail Research
Trading Stocks - Lotte Chemical Titan
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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