Titan Trading Notes For Monday [19/8/2024]:
KLCI resumed its upward trajectory during last Friday, breaking out all the way towards the 1623 points region with an overall positive market sentiment. Daily trading volume however, remained low around the 3.2 billion mark.
Main stocks that showed strong buying momentum would be the likes of PESTECH, SIMEPROP, TOPGLOV, ARMADA, MYEG, UNIQUE, MIKROMB, TANCO, BCB, SNS, NOVAMSC, SEALINK, MUIPROP, JCY, CIMB, WCT, and PERDANA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SIMEPROP (5288.MY)$ following its huge sell down during last Thursday, retracing all the way back towards the RM 1.30+ main support levels, was able to rebound quite well towards the RM 1.40+ regions during Friday with good volume and buying momentum.
This quick recovery is a pretty good sign compared to its peer - SPSETIA that barely was able to rebound the following day. For now as long as able to sustain this kind of buying momentum, could breakout towards and beyond the RM 1.50+ regions once more soon.
Will be monitoring SIMEPROP closely as the uptrend seems to still be quite strong here.
$UNIQUE (0257.MY)$ despite retracing back towards the RM 0.405+ major support levels during Thursday, was able to hold quite well and broke out strong all the way towards the RM 0.455 regions, forming a new high again.
For now, still looking very strong here and as long as able to sustain above its RM 0.42 immediate support levels, could continue on towards and beyond the RM 0.455+ regions for an uptrend continuation pattern.
UNIQUE looking very strong here and will be monitoring closely. Seems to be on the verge of a possible strong parabolic rally.
$SEALINK (5145.MY)$ since breaking out towards the RM 0.415 regions, had been retracing and consolidating over the past week, heading back towards its RM 0.35+ main support levels on the daily chart.
During last Friday, was able to breakout strong back towards the RM 0.405 regions with good volume and buying momentum. So far looking quite strong for a bullish continuation pattern towards and beyond the RM0.415 local high levels in the coming week.
Will be monitoring SEALINK closely
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Momentum Trader : unique Bo base looking good
ByUncle : i bought 100000 on Friday at 0.445, hopefully today price goes up
跟着我一起飞 ByUncle : Seems like it can't rise
Sibu点金圣手 ByUncle : Bro, listen to you, my unique is down more than 10%
ByUncle Sibu点金圣手 : hold it tight
Sibu点金圣手 ByUncle : Is there any hope
ByUncle Sibu点金圣手 : i don't know. if you can hold until it's turn green, then you can sell