Titan Trading Notes For Friday [27/9/2024]:
KLCI retraced back towards the 1671 points region with an overall mixed market sentiment as we still saw over 580 counters closing red for the day. Daily trading volume remains relatively low around the 3.1 billion mark, mainly dominated by sellers today.
Main stocks that showed strong buying momentum would be the likes of SCABLE, ARTRONIQ, BAHVEST, TOPGLOV, CAPITALA, CEB, LHI, WCT, and GENETEC. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market.
$SCABLE (5170.MY)$ since breaking out from its RM 0.10+ main downtrend resistance from the day before, was able to sustain the buying momentum and rallied all the way towards the RM 0.16 major resistance levels with huge volume and buying momentum.
For now looking quite strong here and as long as able to sustain above its RM 0.12+ immediate support, could continue on towards and beyond its RM 0.185+ major resistance levels soon.
Will be monitoring SCABLE closely here as something big seems to be brewing here.
$CAPITALA (5099.MY)$ on the other hand since retracing back towards the RM 0.885+ support levels, had been able to rebound back towards the RM 0.91+ regions with good volume and buying momentum.
So far still looking quite strong here and as long as able to sustain above its RM 0.885+ immediate support levels, could continue on towards and beyond the RM 0.93+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring CAPITALA closely here as seems to be starting a new and strong uptrend.
$SLVEST (0215.MY)$ since breaking out from its RM 1.57+ main downtrend resistance levels, had been able to maintain its buying momentum and rallied all the way towards the RM 1.62 regions today with good volume despite the mixed market sentiment.
So far looking quite strong here and as long as able to hold above its RM 1.60+ immediate support, could continue on towards and beyond the RM 1.70++ major resistance levels in the coming weeks.
Will be monitoring SLVEST closely here
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