Titan Trading Notes For Monday [10/6/2024]:
KLCI had a decent rebound back towards the 1617 points region with an overall positive market sentiment, Daily trading volume was also able to rebound back towards the 5.7 billion mark region here, which is pretty good.
Main stocks that showed strong buying momentum would be the likes of JAKS, YNHPROP, JTGROUP, WIDAD, WCT, DSONIC, TOPGLOV, JCY, MAHSING, MYEG, MINETEC, MNHLDG, EKOVEST, SIMEPROP, BENALEC, SCIB, PLYTEC, CAREPLS, CLOUDPT, VS, SALCON, and EDUSPEC. All of which were able to sustain their rallies throughout the day on the top volumes list.
$YNHPROP(3158.MY$ after consolidating over the past few months with RM 0.42+ major support levels, was finally able to breakout from its RM 0.52+ major resistance regions, rallying all the way towards the RM 0.64+ levels with huge volume and buying momentum.
For now as long as able to sustain above its RM 0.60+ immediate support, could continue on towards and beyond the RM 0.70+ regions for a stronger rebound soon in the coming weeks.
Will be monitoring YNHPROP closely here.
$JTGROUP(0292.MY$ since consolidating and retracing over the past 2 months, was finally able to breakout from its RM 0.35+ major resistance levels, rallying all the way towards the RM 0.47 regions with huge volume and buying momentum, forming a new all time high.
For now still looking quite strong here and as long as able to sustain above its RM 0.40+ immediate support levels, could continue on towards and beyond the RM 0.47+ regions for an uptrend continuation pattern.
Will be monitoring JTGROUP closely here as something big seems to be brewing.
$FPHB(0304.MY$ since breaking out from its previous RM 0.49 all time high regions last week, had been trending up very strongly here, breaking out all the way towards the RM 0.55, forming a new high with good volume.
For now still not showing any signs of weakness here and as long as able to sustain this kind of buying momentum, could continue on towards and beyond the RM 0.55+ regions for a stronger bullish continuation pattern.
Will be monitoring FPHB closely here to see how far it can go.
$OCNCASH(0049.MY$ since retracing back towards the RM 0.33+ major support levels, had been able to rebound strong back towards the RM 0.405 regions with huge volume and buying momentum.
So far still looking quite strong here and as long as able to sustain above its RM 0.38+ immediate support, could continue on towards and beyond the RM 0.415+ major resistance levels soon for an uptrend continuation pattern.
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