Trading ideas for Lotte Titan Chemical.. Entry at RBS area - green zone. But watchout for triangle pattern breakout which still fresh without retest @ 1.80-1.820. Buy and hold this counter.
Trading idea for LCTITAN. We saw an impulsive bullish momentum that has now been corrected. Price has now reach the trend line where we expect it should continue bullish afterward. Trade at your own risk.
1st resistant RM2, follow by RM2.145 and RM2.30.
Opportunity to buy on dip with take profit target at the recent swing high of 1.65, 1.77. However, be cautioned of the formation of inverted hammer on Daily timeframe. Those who like to enter the market with confirmation, can buy upon breakout above 1.65 with take profit target at 1.77. Cutloss if fall below 1.54.
LCTITAN Rst: 1.65 Spp: 1.48 Green candle emerged above upper BB with continued strong volume, and strength remains among RSI, MACD. Will continue its upward trajectory towards 1.65, then 1.76
15/4/2020 look good to trade latest daily up trend-line form but last peak was 1.68 and 1.3 still far aware. high potential downside risk, lower base need yet to be build. searching for daily downtrend broken and traded above last peak.
LCTITAN Rst: Upper BB Spp: 1.18 Morning doji candlestick formation plus breakout from symmetrical triangle, both RSI, MACD surging, which shall generate further upside for the stock.
TECHNICAL PERSPECTIVE: DECREASING SELL VOLUME — CONSTANT VOLUME AT LOW POSITION WITH POSSIBLE 'W' SHAPE BASE — POSSIBLE DOWNTREND RESISTANCE LINE BREAKOUT EP: 2.48 SL: 2.47