General Notes For Tuesday [9/1/2024]:

KLCI had a good breakout back towards the 1495 points region with an overall mixed market sentiment as we had 470 counters closing red for the day. That said, our daily trading volume hit another new high today at 6.96 billion, which is a very good sign here.

Main stocks that showed strong buying momentum would be the likes of EKOVEST, IWCITY, FITTERS, YTLPOWR, RGB, YTL, SSF, DNONCE, SUNWAY, GOCEAN, and EMCC. All of which were able to sustain their rallies throughout the day on the top volumes list.

EKOVEST had been performing quite well since it broke out from its RM 0.49+ major resistance levels just a few weeks ago. For now as long as able to hold above its RM 0.565 immediate support, could breakout back towards and beyond the RM 0.62+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring EKOVEST closely here.

For now still unable to breakout and hold strongly above its RM 0.31+ main downtrend resistance levels yet, but if able to keep this kind of momentum up, could breakout back towards the RM 0.335 - RM 0.35+ resistance levels soon for a new uptrend.

Will be monitoring RGB closely here.

For now as long as able to hold above its RM 0.86+ immediate support levels, could continue to rebound back towards the RM 0.95+ main downtrend resistance levels soon in the coming week itself.

Market sentiment and volume is quite obviously back here as we're closing in towards a daily trading volume of about 7 billion here. KLCI could be looking past the 1500+ territories here after over a year of selling and consolidation.

Will try to ride this new bullish wave to see how far it can go here. Our patience is finally paying off here and the results will come in very soon.