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Titan Trading Notes For Friday [22/11/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ retraced back towards the 1588 points region with an overall mixed market sentiment today as we still saw over 670+ counters closing red for the day today. Daily trading volume however was able to see a jump back towards the 3.4 billion mark, which is a decent sign here.
Main stocks that showed strong buying momentum would be the likes of MYEG, CEB, HAWK, SEALINK, SCABLE, YNHPROP, PCHEM, TANCO, SIMEPROP, SUNWAY, MRDIY, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SEALINK (5145.MY)$ since reporting good profit from its latest QR, was able to breakout strong from its RM 0.30 main downtrend resistance levels and rallied all the way towards the RM 0.32+ regions with huge volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.30+ immediate support levels, could start trending back up towards the RM 0.33 - RM 0.35+ major resistance levels soon in the coming weeks.
Will be monitoring SEALINK closely as it looks good on both fundamental and technical aspects.
$YNHPROP (3158.MY)$ on the other hand since retracing back towards its RM 0.43+ major support levels, had been able to recover quite well over the past 2 weeks and broke out all the way towards the RM 0.54 regions with huge volume and buying momentum today.
So far looking quite strong here and as long as able to sustain above its RM 0.52 immediate support, could breakout further towards its RM 0.60+ regions soon in the coming weeks for a further rally.
Will be monitoring YNHPROP closely here as something big could be brewing here.
$PLYTEC (0289.MY)$ since retracing all the way back towards the RM 0.34+ major support levels from its RM 0.39 all time high levels, had been able to recover and rebounded back strong towards the RM 0.375 regions with good volume and buying momentum today.
Overall looks like forming a major cup and handle pattern here and with a solid QR that was released this evening (net profit of over RM 5 million), we could see it breakout from its RM 0.39 all time high levels for a further breakout soon.
Will be monitoring PLYTEC closely.

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