Titan Trading Notes For Monday [24/6/2024]:
KLCI resumed its retracement during last Friday as it dipped back towards the 1590 points region with over 580 counters closing red along with it for the day. Daily trading volume however remained healthy around the 5.8 billion mark.
Main stocks that showed strong buying momentum during last Friday would be the likes of AGRICORE, K1, JCY, VS, WCT, SNS, NOTION, YTL, SIME, IFCAMSC, IJM, SCOPE, and SENDAI. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$JCY(5161.MY$ since retracing from its RM 0.93 regions all the way towards the RM 0.75+ support levels, was able to form its higher low support region and bounced back strong towards the RM 0.85+ regions during last Friday.
For now looking quite strong here and as long as able to hold above its RM 0.82+ immediate support levels, could continue on towards and beyond its RM 0.93+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring JCY closely here as still seems to be on an uptrend.
$VS(6963.MY$ since breaking out from its RM 1.17+ major resistance levels last week, was able to resume its upward trajectory and rallied all the way towards closing on its intraday high at RM 1.30 during last Friday with good volume and buying momentum.
For now still looking very strong here despite being overbought. As long as able to hold above its RM 1.20+ immediate support, could continue on towards and beyond its RM 1.35 - RM 1.40+ regions soon in the coming week.
Will be monitoring VS closely as the volume and buying momentum seems to be growing quite well here.
$NOTION(0083.MY$ without having to say much, was definitely our star performer for last week as it rallied all the way towards the RM 2.45 regions with huge volume and buying momentum after HLIB gave a target price of over RM 3.20.
For now looking strong here and as long as able to hold above its RM 2.10+ immediate support levels, could continue on towards and beyond its RM 2.50+ regions for a parabolic rally continuation.
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