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Titan Trading Notes For Friday [1/11/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ retraced back towards the 1601 points region during Wednesday with an overall bearish market sentiment as we saw over 670 counters closing red for the day along with it. KLCI is quite bearish now and is expected to consolidate around the 1600 points region in the short-mid term.
Daily trading volume settled around the 2.5 billion mark, which is still pretty low and mainly dominated by selling activities. Main stocks that showed strong buying momentum would be the likes of NICE, HAWK, BPURI, GAMUDA, VTC, SDCG, and 99SMART. All of which were able to sustain their rallies throughout the day on the top volumes list.
$NICE (7139.MY)$ after retracing back towards the RM 0.18+ main support levels earlier this week, had been able to hold well above it and broke out strong towards the RM 0.205 regions with huge volume and buying momentum.
For now looking quite bullish here and as long as able to hold above its RM 0.185+ immediate support levels, could continue on towards and beyond its RM 0.205+ regions for a further bullish continuation pattern.
Will be monitoring NICE closely here. The surge likely attributed by rising gold prices.
$HAWK (0320.MY)$ since retracing back towards the RM 0.265+ major support levels earlier this month, had been able to recover well over the past few weeks, breaking out back towards the RM 0.36 regions on Wednesday with good volume.
For now looking quite strong here and as long as able to hold above its RM 0.35+ immediate support levels, could continue on towards and beyond the RM 0.41 all time high regions soon.
Will be monitoring HAWK closely here as didn't expect this stock to surge up despite the weak market sentiment.
$JTIASA (4383.MY)$ , following the FCPO's breakout was able to hold steadily above its RM 1.17+ immediate support earlier this week and broke out strong towards the RM 1.24 regions with good volume and buying momentum during Wednesday.
For now it's looking quite bullish and expected to be one of the leading plantation counters to monitor here. Following FCPO's breakout from its major resistance levels earlier this week, will be expecting a potential bull run here if able to hold support of RM 1.17.
Will be monitoring JTIASA closely here as I believe the plantation sector is coming next.
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