LOTTE CHEMICAL - +8% Raise Trialling Stop to 370,000

Lotte Chemical Titan's US$3 Billion Kuala Lumpur IPO Is Imminent - Details & Issues

Lotte Chemical Placement - Strong Fundamentals, Good Track Record and Deal Is Somewhat Expected

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/8757" target="_blank" data-smartkarma-citation="entities:8757:1">Lotte Chemical (011170 KS)</a> exhibits a bull bias to break higher out of the current flat pattern.Bull wedge outlined in the daily MACD calls for a near term rally with odds favoring a rally stall near the formidable resistance from peak/lows in 2016-2017 that will act as an intermediate cap.Volumes do show accumulation from late last year and we will be looking for buy volumes to improve on a break above the 298k pivot level.Long risk to reward is compelling here for an intermediate rise with tactical underpinnings.Macro resistance hurdle is well defined with the major trend break

Lotte Chemical (011170 KS) exhibits a bull bias to break higher out of the current flat pattern.Bull wedge outlined in the daily MACD calls for a near term rally with odds favoring a rally stall near the formidable resistance from peak/lows in 2016-2017 that will act as an intermediate cap.Volumes do show accumulation from late last year and we will be looking for buy volumes to improve on a break above the 298k pivot level.Long risk to reward is compelling here for an intermediate rise with tactical underpinnings.Macro resistance hurdle is well defined with the major trend break 

Lotte Chemical

Lotte Chemical Bull Signals