Jiutian Chemical (SGX: C8R) technical shows that the upside is set to continue to rally once more despite the corrective range from November 2020:

1. Jiutian Chemical has formed a large symmetrical triangle which is a pattern that is a continuation pattern of the dominant bullish trend.
2. There is a smaller ascending triangle forming at $0.093 resistance level, which also confluence with the 50 periods moving average. Hence, should it break, the stock will confirm its rally.
3. The morning star formation is indicative of a bullish trend ahead.

*Timeline of the trade is 6 weeks from the date issued.

CHART LEGENDS

Moving average

Red dotted line = 200 periods Moving Average

Blue dotted line = 50 periods Moving Average