Titan Trading Notes For Friday [5/4/2024]:

KLCI had a good breakout back towards the 1553 points region with an overall positive market sentiment today. Daily trading volume however only settled around the 3.3 billion mark, which is just average for today's standards.

Main stocks that showed strong buying momentum would be the likes of VELESTO, ZANTAT, TDM, ALPHA, WIDAD, SNS, TCS, PERDANA, CLOUDPT, YTLPOWR, PWRWELL,PMETAL, YTL, DNEX, RSAWIT, PAOS, ECONBHD, PARKSON, HIAPTEK, ECA, KGW, and WENTEL. All of which were able to sustain their rallies throughout the day on the top volumes list.

For now facing some selling pressure around the RM 0.56 levels which saw the stock close back towards the RM 0.53 regions. Looking very strong on the hourly charts here with RM 0.50 - RM 0.51+ immediate support levels and if able to hold, could continue on towards and beyond its RM 0.56 regions soon for an uptrend continuation.

Will be monitoring ZANTAT closely here as it had been trending upwards very strongly over the week since its IPO debut.

for now looking very strong and ripe for a potential bullish continuation pattern here and as long as able to hold above its RM 0.30 immediate support, could continue on this new uptrend rally here in the coming weeks.

Will be monitoring TDM closely as company seems to be turning back towards a profitable company.

for now looking quit strong and as long as able to sustain above its RM 0.285+ immediate support levels, could continue on towards testing its RM 0.30+ major resistance levels soon in the coming weeks.

MINOX looks quite ripe for a new uptrend pattern here as it barely performed since its IPO debut last year.