RHB Retail Research
Trading Stocks - Lotte Chemical Titan Holding
Lotte Chemical Titan Holding is set to move higher after breaching the immediate resistance of MYR2.63, on higher volume. Premised with a “higher low” bullish pattern, it signals that the stock has formed an interim bottom and is ready to test the next resistance level of MYR2.89, followed by MYR2.96. Inversely, if the support level of MYR2.46 is breached, this expectation would be reversed.
Source: RHB Securities Research - 20 Apr 2021
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