General Notes For Friday [29/12/2023]:
KLCI rebounded back towards the 1457 points regions with an overall positive market sentiment and our overall daily trading volume was also able to settle around the 4.23 billion range, which is a pretty good sign here.
Main stocks that showed strong buying momentum would be the likes of PELIKAN, SCABLE, VSOLAR, LEFORM, EKOVEST, MERSEC, DATAPRP, MYEG, and SEDANIA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SEDANIA(0178.MY$ on the other hand had been retracing over the past year here and today, it was able to breakout strong all the way back towards the RM 0.225+ regions with huge volume here, breaking out from its main downtrend resistance.
For now looking quite strong for a new uptrend to be formed here as long as it's able to hold above its RM 0.22 immediate support regions, could breakout back towards the RM 0.235 - RM 0.255+ major resistance levels very soon here.
Will be monitoring SEDANIA closely as our market is starting to come back pretty hot here.
$AEMULUS(0181.MY$ since breaking out from its RM 0.30+ main downtrend resistance, had been able to hold quite strongly above it over the past week here and looks like it's forming a potential higher low here.
If able to hold form, could breakout back towards and beyond the RM 0.32 - RM 0.34+ major resistance levels soon for an uptrend continuation pattern here as the tech sentiment starts to come back soon.
Will be monitoring AEMULUS closely
$EMCC(0286.MY$ since breaking out towards the RM 0.475 all time high zones, had been retracing and consolidating within a huge descending triangle pattern on the hourly and daily charts with RM 0.37+ as the main support region.
Today, it was able to breakout from its RM 0.41 main downtrend resistance with good volume here and as long as able to hold above its RM 0.41 immediate support levels, could continue on towards and beyond the RM0.435+ major resistance levels soon for an uptrend continuation pattern.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
104079720 : EMCC closed 0.41 today, is there any chance?
Titan Trading OP 104079720 : Not bad anymore