LOTCHEM is sustaining its horizontal support and trend line support support, a pull back from this level can be expected. Moreover, RSI indicator also at over sold level. Long position can be taken around 18.20 with the stop loss at 16.75 ( just below previous low) for the target of 21.80 which is the resistance level.
Note
Bullish divergence on daily time frameTrade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.