Titan Trading Notes For Friday [6/9/2024]:

KLCI retraced once more back towards the 1664 points region with an overall negative market sentiment as we saw almost 800 counters closing red for the day. Daily trading volume settled around the 3.2 billion mark, mainly dominated by selling activities.

Unfortunately, most sectors are bearish now. The only bullish sectors are only Finance and Plantation. The rest, especially the tech sector had been hammered heavily recently. Under such circumstances, I would prefer not to trade too much personally. In fact, I've only been monitoring mostly over the past few weeks as I believe this bearish sentiment may continue for the coming few weeks at least.

Main stocks that showed strong buying momentum would be the likes of HAWK, MYEG, BAHVEST, CIMB, JSB, AMBANK, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list.

Today, it was able to rebound back towards the RM 0.915+ regions with good volume and buying momentum despite the weak market sentiment. For now looking quite ripe for a potential breakout from its RM 0.935+ major resistance levels here.

If able to sustain, could breakout from this region and start trending back up once more. Will be monitoring MYEG closely here.

Today, it was able to rebound back towards the RM 0.355 regions despite the weak market sentiment. Seems to be forming its higher low region here already and if able to sustain, could see it start trending up towards the RM 0.385 - RM 0.40+ regions soon.

Will be monitoring SEALINK closely

In a span of less than 2 weeks, UWC lost over 30% of its market share cap and head back all the way back towards the RM 1.67+ regions today. For now still not showing much hope yet and trend wise, doesn't look too good. Have to be cautious and prepared for other tech stocks to face similar selling pressure.