Titan Trading Notes For Friday [19/7/2024]

KLCI remained in the green today, closing at 1633 despite having over 720 counters closing red for the day. I would say market sentiment today was quite negative likely attributed to NASDAQ being down by over 500 points last night. That said, daily trading volume still stable around the 5.4 billion mark, which is a good sight.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, JAKS, EKOVEST, NOVAMSC, DATAPRP, BJCORP, MRCB, FAJAR, SPSETIA, TANCO, WCT, PLYTEC, BJLAND, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

For now still not showing any signs of weakness yet and as long as able to sustain above its RM 0.545 immediate support, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will still be monitoring EKOVEST closely here.

For now looking quite strong here despite being overbought on the daily chart. As long as able to sustain above its RM 0.31+ immediate support, could continue on this new uptrend very soon.

Note that PLYTEC's IPO price was at RM 0.35. May use this as reference when trading it. Will monitoring PLYTEC closely.

For now although facing some selling pressure above the RM 0.55+ regions, would still be looking good as long as able to sustain above its RM 0.53+ immediate support levels for this week.