LOTCHEM Lotte Chemical Analysis 08 May 2014

July 1, 2014 2:57 pmComments Off on LOTCHEM Lotte Chemical Analysis 08 May 2014Views: 131

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Rebound Insight

Our Pivot:6.02

Our Preference: Start buying lot Chem and add averages till 6.51 and 6.36 with strict stop loss of 6.02 and profit target at 7.71 with extension towards 8.10

Alternate Scenario: Downward Penetration of 6.02 will call for 5.62

NOTE: LOTCHEM is going to get strong supports from its supportive trend lines along with its triple bottom and half moon formation so its recommended to initiate buying on given levels.

Recommendations:

Start buying from current price and add averages till 6.51 and 6.36

Weekly Chart with Supports & Resistances:

LOTCHEMW08052014

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