Titan Trading Notes For Friday [21/6/2024]:
KLCI resumed its retracement and closed back red towards the 1592 points region with an overall negative market sentiment as we still saw over 800 counters closing red for the day. Daily trading volume also saw a dip back towards the 5 billion mark, mainly dominated by sellers.
Main stocks that showed strong buying momentum would be the likes of VS, KTI, CABNET, ATAIMS, SEALINK, RGB, TOPGLOV, DFX, GFM, and TECHNAX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$VS(6963.MY$ since breaking out from its RM 0.915+ major resistance over the past 2 months, had been trending upwards here strongly on the daily chart, even rallying all the way towards the RM 1.26 regions today with huge volume and buying momentum.
So far looking very bullish here and as long as able to hold above its RM 1.14+ immediate support levels on the daily chart, could continue on towards and beyond the RM 1.30+ regions for an uptrend continuation pattern.
Will be monitoring VS closely here to see how far it can go. I believe big funds are flowing into here which led to the large surge in share prices.
$CABNET(0191.MY$ since retracing back towards the RM 0.36+ support levels over the past few days, managed to form a strong higher low region and rallied all the way towards the RM 0.56 regions today with huge volume and buying momentum.
For now still looking very bullish here and as long as able to sustain above its RM 0.46+ immediate support levels, could continue on towards and beyond the RM 0.56+ regions soon for an uptrend continuation pattern.
Will be monitoring CABNET closely here to see how far it can go here.
$ATAIMS(8176.MY$ since retracing back towards its RM 0.44+ main support levels yesterday, had been able to hold well above this support region and broke out all the way towards the RM 0.53 regions with huge volume and buying momentum today.
Seems to be looking very strong here and as long as able to hold above its RM 0.485+ immediate support levels, could continue on towards and beyond the RM 0.54+ major resistance levels for a parabolic rally continuation pattern.
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DSupian_Scalper : Nice
addie : hi