Titan Trading Notes For Friday [23/8/2024]:

KLCI had a decent rebound back towards the 1641 points region, but our market sentiment remains in a bearish mode as we still had over 600 counters closing red for the day. Daily trading volume settled around the 3.7 billion mark, mainly dominated by selling activities.

Main stocks that showed strong buying momentum today would be the likes of ELRIDGE, YTLPOWR, MYEG, YTL, SIMEPROP, ARMADA, TOPGLOV, MUIPROP, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

This came after its announcement of over 1 Billion Ringgit in profit in its latest quarter report. For now looking quite good here and as long as able to sustain the buying momentum, could breakout back towards the RM 4.50+ regions soon in the coming weeks.

Will be monitoring YTLPOWR closely here.

So far looking quite bullish here and as long as able to hold above its RM 0.42 immediate support levels, could continue on towards and beyond the RM 0.48+ regions for an uptrend continuation pattern,

Will be monitoring MUIPROP closely here to see how far it can go.

For now able to hold above the support region quite well as it was able to rebound back towards the RM 1.20 regions. As long as able to sustain, could continue to trend back up towards the RM 1.30+ regions soon in the coming weeks.

Will be monitoring GOHUB closely here.