U need huge volume to breakout,i see this is a triple bottom breakout,first resistance will be around $1.76.Secondly the volume of this 2 days may hints institution buying.
dont con ppl with oil analysis la...may be u stuck at high??posible stuck at 3?brent oil at 28,lctitan only can go to 1.58?so hope brent oil at 14 & lctitan can go to 3.16...hahaha...joker analysis
moneyfind this is not a O&G stock. I earlier shared my view on stocks on hibiscus here as an example and the reason i didnt post on hibiscus forum is i have no intention to pour cold water when ppl are hoping their stocks go up. If you dont have anything good to share, dont just pour cold water here and be sour grapes.
Anyway the reason why things can be different for LCTitan is you have to look at the demand and supply for the stock. Last time i wouldnt have bought LC Titan at RM3+ and wasnt looking for such a defensive counter. Now i think its way oversold, ppl are taking interest in this counter and i strongly believe there is upside on their business and i bought for the dividend ex 8th May.
A lot of masks will be needed after the mco and usa opens on 1st May. Everyone needs masks everyday. If half the world is open, everyone needs to wear masks. Say 2 billion a day. That’s 10 times of China’s current daily production, which is not enough. They need to make production 10 times higher
Good morning to all investor, I am glad to have deadchicken in our group. Why? He got so much knowledge and show us the latest news information. Thank you.
On Tuesday, propylene prices witnessed a steep rise in Asia. Prices firmed, mainly on account of bullish buying trends, coupled with stronger downstream PP prices in major markets like China.
FOB Korea propylene prices were up at the USD 665/mt levels, a day on day surge of USD 55/mt.
CFR China propylene prices were higher at the USD 720/mt levels, a spike of USD 55/mt from Monday's assessed levels.
In plant news, Lotte Chemical Titan, resumed operations at its naphtha cracker in early-April, 2020 following a planned outage. The cracker remained off-line for about one month. Located in Pasir Gudang, Malaysia, the cracker has an ethylene capacity of 522,000 mt/year and propylene capacity of 360,000 mt/year. +++++ Lotte Chemical Titan, Malaysia has already resumed operation in early April 2020
This is the time to double or triple your capital. Hold long term at least 3-4 years. During rally, price up and down is normal. THOSE IN AND OUT PLAYER WILL GET BURNED, AND THE END OF THE DAY. THEIR CAPITAL EITHER SAME OR LOSE.
Deadchicken give good suggestion to hold longterm term as pandemic over, nation still need to monitor after heal can reoccurance again. It may take more thsn a year.
With naptha input at very low price & Lctitan products prices rebounded high....margin and profit will rebound high mah...!!
Go Go Go...lctitan loh....!!
Posted by Nepo > Apr 19, 2020 9:03 AM | Report Abuse
On Tuesday, propylene prices witnessed a steep rise in Asia. Prices firmed, mainly on account of bullish buying trends, coupled with stronger downstream PP prices in major markets like China.
FOB Korea propylene prices were up at the USD 665/mt levels, a day on day surge of USD 55/mt.
CFR China propylene prices were higher at the USD 720/mt levels, a spike of USD 55/mt from Monday's assessed levels.
In plant news, Lotte Chemical Titan, resumed operations at its naphtha cracker in early-April, 2020 following a planned outage. The cracker remained off-line for about one month. Located in Pasir Gudang, Malaysia, the cracker has an ethylene capacity of 522,000 mt/year and propylene capacity of 360,000 mt/year. +++++ Lotte Chemical Titan, Malaysia has already resumed operation in early April 2020
Huatexpert : Financial year end December means last Q was Dec 2019. Next Q is Mar2020. SC requirement is 60 days from the Q so they will announce 31 Mar 2020 + 60 days grace period.
What ever happens Trump has been responding in the right way thats why the US market is still holding.
i think you better read more coz some of things you share are not accurate. Trump is asking states to open and some are going to. Its only places like NYC that probably wont follow. You have your hero Cuomo there that blames everyone but himself on how he has managed the crisis when he accounts for half of all the cases and deaths or more. He talks everyday but ppl look at results
My cousin lives in NYC. There is no lockdown there coz the police cannot even control the crime there even before COVID there. They havent even charged 1 person for non abiding with their lockdown as they feel its their constitutional right.
Do not worry loh....let them take short term profit...we make big big profit mah.....!!
Posted by xterrorsinx > Apr 20, 2020 10:20 AM | Report Abuse
people who bought at lower prices are taking profits Posted by stockraider > Apr 19, 2020 10:10 PM | Report Abuse X
With naptha input at very low price & Lctitan products prices rebounded high....margin and profit will rebound high mah...!!
Go Go Go...lctitan loh....!!
Posted by Nepo > Apr 19, 2020 9:03 AM | Report Abuse
On Tuesday, propylene prices witnessed a steep rise in Asia. Prices firmed, mainly on account of bullish buying trends, coupled with stronger downstream PP prices in major markets like China.
FOB Korea propylene prices were up at the USD 665/mt levels, a day on day surge of USD 55/mt.
CFR China propylene prices were higher at the USD 720/mt levels, a spike of USD 55/mt from Monday's assessed levels.
In plant news, Lotte Chemical Titan, resumed operations at its naphtha cracker in early-April, 2020 following a planned outage. The cracker remained off-line for about one month. Located in Pasir Gudang, Malaysia, the cracker has an ethylene capacity of 522,000 mt/year and propylene capacity of 360,000 mt/year. +++++ Lotte Chemical Titan, Malaysia has already resumed operation in early April 2020
I bought 200 lot at 1.59 using over 30k.The biggest allocation after Benalec at 16 cents using 25k.People sold I buy.Last time Lotte over rm 5.50 down till lower end rm 1.
Because of high volumes in the past 3 days when retailers entered, some play with contra and need to sell. But overall I see the price supporting well and should monitor closely for the rest of the noon. Hopefully can end 1.65 today
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Posted by investorbat > 2020-04-17 21:52 | Report Abuse
U need huge volume to breakout,i see this is a triple bottom breakout,first resistance will be around $1.76.Secondly the volume of this 2 days may hints institution buying.