Titan Trading Notes For Friday [15/3/2024]:

KLCI had a decent rebound back towards the 1543 points region with an overall positive market sentiment today. Daily trading volume was able to remain healthy around the 4.33 billion mark, which is pretty good.

Main stocks that showed strong buying momentum today would be the likes of MUDAJYA, GDB, ZELAN, IWCITY, EKOVEST, HEGROUP, GFM, AVALAND, PWRWELL, MRCB, and TANCO. All of which were able to sustain their rallies throughout the day on the top volumes list.

That said, it faced pretty strong selling pressure above the RM 0.16+ major resistance levels, which saw the stock close back towards the RM 0.16 regions for the day.

Sudden spike of volume in MUDAJYA here quite interesting, will be monitoring closely.

For now, although not able to close on its intraday high, its closing price at RM 0.525 regions was still a pretty good sign, and as long as able to sustain above its RM 0.50+ immediate support, could continue on towards and beyond the RM 0.545+ regions soon.

Will be monitoring HEGROUP closely here as still looking very strong for an uptrend continuation pattern.

For now as long as able to hold above its RM 0.785+ support levels, could be continuing all the way towards the RM 0.885 - RM 0.90+ regions soon in the coming weeks here for a new uptrend rally.

Will be monitoring TEXCYCL closely here