General Notes For Tuesday [23/1/2024]:

KLCI managed to rebound quite well today back towards the 1491 points region with an overall positive market sentiment today as the whole market started to rebound from the panic selling spree from last week. Daily trading volume settled around the 4.7 billion range here, which is still pretty decent.

Main stocks that showed strong buying momentum would be the likes of SCIB, WIDAD, LEFORM, JSB, ARTRONIQ, TANCO, UEMS, EKOVEST, IWCITY, MRCB, YTL, YTLPOWR, MERSEC, SPSETIA, BJLAND, SUNWAY, YEWLEE WA, PA, and IJM. All of which were able to sustain their rallies throughout the day on the top volumes list.

For now still looking pretty strong here and as long as able to hold above its RM 0.415+ immediate support levels, could continue on to rebound back towards the RM 0.50 - RM 0.535+ major resistance levels soon.

Will be monitoring SCIB closely here as I believe it still has some room to rebound here.

For now looking pretty strong here and as long as able to sustain above its RM 0.455+ immediate support levels, could breakout back towards and beyond the RM 0.50 - RM 0.55+ major resistance levels soon.

I managed to earn a decent quick profit from TANCO today and will still be monitoring TANCO closely here.

So far still trading on a downtrend here, but if able to sustain the buying momentum, could breakout from its RM 0.34+ main downtrend resistance levels here to start a new uptrend soon, potentially back towards the RM 0.36+ regions soon.

Will be monitoring NCT closely here to see how this goes. Something could be brewing here as the buying support over the past week had been quite strong here.