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Titan Trading Notes For Friday [27/12/2024]

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a decent rebound back towards the 1613 points region with an overall positive market sentiment as we started to rebound strong from last week's sell off. Daily trading volume however still hovering low around the 2.4 billion mark, which isn't so good.
Main stocks that showed strong buying momentum would be the likes of JCY, SNS, VANZO, GENM, GTRONIC, YTL, YTLPOWR, CEB, WINSTAR, GENETEC, CAPITALA, DNEX, MYEG, SCGBHD, ARMADA, TANCO, NATGATE, SIMEPROP, NOTION, GENTING, and SUPERMX. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SNS (0259.MY)$ was definitely the star performer for the day as it was able to rally all the way towards the RM 0.67+ regions with huge volume and buying momentum here out of nowhere.
This came after a brief consolidation period over the past month since its earlier breakout towards the RM 0.60+ major resistance levels. So far looking quite strong here and as long as able to sustain above its RM 0.61 immediate support, could continue to trend back up towards the RM 0.70+ major resistance levels soon.
Will be monitoring SNS closely here as something big seems to be brewing.
$VANZO (0333.MY)$ on the other hand since its IPO earlier last week, been consolidating around its RM 0.16+ support levels over the past few trading days, but was finally able to breakout strong towards the RM 0.205 regions today with huge volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.19 immediate support, could continue to trend back up towards and beyond this RM 0.205 all time high levels for a bullish continuation pattern.
Will be monitoring VANZO closely here.
$CORAZA (0240.MY)$ since retracing back towards its RM 0.50+ major support levels last week, had been able to sustain the buying momentum and even broke out towards the RM 0.57 regions today with good volume,
Although still unable to breakout from its RM 0.575 local high levels, as long as able to hold above its RM 0.55 immediate support, could continue to trend back up towards the RM 0.60+ regions soon for an uptrend continuation pattern soon.
Will be monitoring CORAZA closely here
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