Lotchem is likely to breakout 21.5 to go to 26.19Lotchem is going to breakout level of 21.5, after it next levels are 22.43, 24.07 and 26.19. SL is as per your strategy
Note: This is not a buy/sell call.
LOTCHEM trade ideas
Buy Call ;-)Buy above 18.50
Sell around 20.50
Stoploss 16.50
There seems to be a positive move in it soon. IA
Lottechem-Pakistan-BuyBullish Divergence on dialy Time frame
Breakout of Descending Wedge
Printing of HL,
Breakout and sustain last LH level will give strength to Bulls
SL just below Last LH, TP-1 may be targetted
LOTCHEM is BullishPrice was in a strong downtrend respecting a descending trendline since Mid April, however matured bullish divergence on daily time frame, finally seems to be playing out as trendline is broken and if bulls manage to breach previous lower high then as per Dow theory we can expect a bullish rally. Targets are mentioned on the chart.
PSX : LOTCHEMLOTCHEM has been experiencing some downward presseure recently and now in a accumulation phase since february.
Currently the price has completed the harmonic ABCD pattern at strong daily support level with a bullish div. Now sellers seems to be exhausted at support area and buying pressure seems to be activated.
Entry 19.10
SL 16.50
TP1 21.71
TP2 24.30
LOTCHEM is showing divergence in 1D time frameLOTCHEM is showing divergence in 1D time frame and also in accumulation phase..
LOTCHEM | PSXLOTCHEM 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.
LOTCHEM - ABCD PATTERNAfter a bearish trend, LOTCHEM is expecting a reversal trend , good bullish move is expected. Long entry recommended in LOTCHEM.
LOTCHEM is BullishLOTCHEM 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.
LOTCHEM | Falling Wedge Pattern
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 21, with a secondary resistance noted around 22.15. Upon successful breach of both resistance levels, attention should be directed towards a prominent supply zone positioned near 24.43.
LOTCHEM-PSX Buy stanceLOTCHEM is moving in down parallel channel,testing its lower line with a clear bullish divergence on the RSI.
LOTCHEM Monthly PSX Lotte Chemical defining new Higher low to form Higher high on monthly time frame.
LOTCHEM - bullish reversal PSX:LOTCHEM showing reversal signs on 1D Timeframe. Buy on breakout of Previous HL (closing candle basis). SL and TPs marked
LOTCHEMBuy 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!!LOTCHEM - Symmetrical Triangle Breakout!!
Heading towards OCT-22 High @34.80
