Titan Trading Notes For Friday [12/7/2024]:
KLCI had a good breakout towards the 1623 points region today with an overall positive market sentiment. Daily trading volume also surged back towards the 5.3 billion mark, which is pretty good here.
Main stocks that showed strong buying momentum today would be the likes of EKOVEST, WCT, SPSETIA, HIAPTEK, PESTECH, TOPGLOV, SUNWAY, PERDANA, and JPG. All of which were able to sustain their rallies throughout the day on the top volumes list.
$WCT (9679.MY)$ after testing its RM 0.94+ immediate support levels earlier this week, had been able to bounce strong all the way towards the RM 1.15 regions with good volume and buying momentum.
For now looking strong here and as long as able to sustain above its RM 1+ immediate support, could continue on this uptrend towards and beyond the RM 1.15+ regions soon for an uptrend continuation pattern.
Will be monitoring WCT closely here to see how far it can go.
$SPSETIA (8664.MY)$ since its earlier breakout towards the RM 1.60+ regions, had been retracing over the past 2 months here back towards its RM 1.35+ major support levels.
That said, it was able to climb back up quite strongly towards the RM 1.60+ regions once more today with huge volume and buying momentum. Looking quite ripe for an uptrend continuation pattern here as long as able to hold above its RM 1.44+ immediate support levels on the daily chart.
Will be monitoring SPSETIA closely here as seems to be on a strong uptrend.
$FAJAR (7047.MY)$ although retraced back towards the RM 0.475+ major support levels over the past month, had been able to rebound and hold well above its RM 0.49+ immediate support levels over the past weeks.
Today, it was able to breakout towards the RM 0.52+ regions with good volume and buying momentum here. So far seems to be slowly trending upwards and if able to sustain, could breakout from its RM 0.54+ 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
