Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Titan Trading Notes For Monday [14/10/2024]:

KLCI retraced back towards the 1633 points region with an overall negative market sentiment as we saw almost 550 counters closing red for the day along with it. Daily trading volume remained low around the 2.2 billion mark, mainly dominated by sellers.
Main stocks that showed strong buying momentum would be the likes of SINKUNG, TOPGLOV, YEWLEE WA, YEWLEE, SUPERMX, HUPSENG, TANCO, SPSETIA, SUNWAY, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market.
$HUPSENG (5024.MY)$ was definitely one of the star performers during last Friday. Since breaking out from its RM 1.08+ main downtrend resistance levels, was able to breakout all the way towards the RM 1.20+ regions with huge volume and buying momentum.
So far looking quite bullish here despite being overbought. As long as able to sustain above its RM 1.15+ immediate support levels, could continue on towards and beyond the RM 1.25 - RM 1.30+ major resistance levels soon for an uptrend continuation pattern.
Congratulations to those of you that earned a good profit from HUPSENG as per my earlier trading plans. I'm still hanging on to it to see how far it can go here.
$SINKUNG (0305.MY)$ on the other hand since breaking out from its RM 0.175+ main downtrend resistance over the past few weeks, had been able to hold quite well above it and rallied all the way towards the RM 0.22 regions during last Friday, forming a new all time high here.
So far looking quite strong despite being overbought. As long as able to hold above its RM 0.185 - RM 0.20 immediate support levels, could continue on towards and beyond the RM 0.22+ all time high levels for a bullish continuation pattern.
Will be monitoring SINKUNG closely as something big seems to be brewing here.
$HARTA (5168.MY)$ since breaking out from its RM 2.90 major resistance levels, was able to hold strong and broke out all the way towards the RM 3+ regions during last Friday despite the weak market sentiment.
So far looking quite strong here and as long as able to hold above its RM 2.90 immediate support levels now, could continue on towards and beyond the RM 3.10 - RM 3.20 major resistance levels soon.
Will be monitoring HARTA closely as seems to be ripe for an uptrend continuation pattern already.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
+0
Translate
Report
127K Views
Comment
Sign in to post a comment