LCTH Corporation Bhd

LCTH put on a strong candlestick with very high volume, gaining 7 sens (+13.7%) to close at 58 sens on Tuesday. Its profit is expected to increase due to weak Ringgit.

This surge has confirmed that LCTH has completed its major wave 2.

At this moment, it is either forming its sub-wave iii. In this case it will continue to move higher with high volume tomorrow.

However, if it started to consolidate tomorrow, then it is more likely that it has formed its sub-wave v and wave (i) and the next pullback can be the wave (ii).

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