OTCHEM appears to be forming a potential bullish reversal after finding strong support near 18.50-19.00. The stock is attempting to break out of its consolidation phase, with RSI stabilizing near 50, signaling a possible shift in momentum. A decisive move above 20.50-21.00 with strong volume could trigger a rally toward 23.50-24.00, making it a key breakout zone for traders. With volume still on the lower side, a spike in buying interest could confirm the uptrend. Keep an eye on this level—LOTCHEM might just be setting up for its next big move!
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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.