Titan Trading Notes For Thursday [10/10/2024]:

KLCI retraced briefly back towards the 1634 points region as we remained in a consolidation mode today. Overall market sentiment was mixed after the rebound from the day before as we still saw over 560 counters closing red for the day. Daily trading volume settled around the 3.2 billion mark, which is average.

Main stocks that showed strong buying momentum would be the likes of 99SMART, CAPITALA, MRDIY, VS, SINARAN, SINKUNG, TANCO, and IWCITY. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

Although it faced some selling pressure above the RM 0.95+ regions, its closing price of RM 0.935 was still a pretty decent sign here. Looks like it's able to form a higher low support already and if able to hold, expecting further upside here in the coming weeks.

Will be monitoring CAPITALA as smart monies seem to be quite heavily invested in this counter recently.

For now still looking strong here and as long as able to hold above its RM 2.40+ immediate support levels, could continue on this parabolic rally here. That said, for those that have not entered, do take note of a potential retracement as the stock had almost been going up continuously over the past few weeks.

Will be monitoring 99SMART closely here.

For now looking quite strong here and is the only glove stock to hold steadily above its weekly chart's EMA 200 support of RM 1.85+ over the past few months. This could be a sign that something big could be brewing.

Will definitely be monitoring KOSSAN closely here as they also have pretty huge exposure in the US market.