After a bearish trend, LOTCHEM is expecting a reversal trend , good bullish move is expected. Long entry recommended in LOTCHEM.
LOTTE CHEMICALS made a double bottom with rsi divergence
LOTCHEM is currently on the verge of breakout from the declining phase following the appearance of bullish divergence on RSI. It is about to break a lower high and would print a higher high instead, and then start a bullish rally. Targets are mentioned on the chart.
The price action is currently confined within converging trend lines, indicating the potential for a breakout. Consideration may be given to initiating a long position following a breakout from this pattern, with a stop loss set at 18 to mitigate potential losses in the event of a downward break below the channel. Initial resistance is positioned at approximately...
Buy Above 20.20 Sell around 22 - 23 Stoploss 18.50 (Closing Basis)
LOTCHEM is moving in down parallel channel,testing its lower line with a clear bullish divergence on the RSI.
Lotte Chemical defining new Higher low to form Higher high on monthly time frame.
PSX:LOTCHEM showing reversal signs on 1D Timeframe. Buy on breakout of Previous HL (closing candle basis). SL and TPs marked
Buy Call # *123-LOTCHEM* *Plan 1* Buy around 27 - 27.50 TP : 28.8 - 29 SL : 27 (closing basis) *Plan 2* Buy Above 29.20 TP1 : 30.60 TP2 : 32 SL : 27 (closing basis)
LOTCHEM - Symmetrical Triangle Breakout!! Heading towards OCT-22 High @34.80