Titan Trading Notes For Thursday [11/7/2024]:
KLCI rebounded back towards the 1618 points region with an overall mixed market sentiment as we still saw almost 550 counters closing red for the day. Daily trading volume remained average around the 4.7 billion mark today.
Main stocks that showed strong buying momentum today would be the likes of DATAPRP, WCT, JAKS, CABNET, BINTAI, PESTECH, NOVAMSC, JCY, MYEG, CIMB, SNS, UUE, PERDANA, MAHSING, JTGROUP, and MINOX. All of which were able to sustain their rallies throughout the day on the top volumes list.
$WCT.MY$ since its huge breakout from the RM 0.85+ major resistance levels last month, had been trending upwards with huge volume and buying momentum over the past 2 weeks, breaking out all the way towards the RM 1.07 regions today despite being overbought.
For now still looking very strong here and as long as able to hold above its RM 0.95+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 1.07+ regions for an uptrend continuation pattern soon.
Will be monitoring WCT closely here to see how far it can go.
$CABNET.MY$ was also a star performer today was it managed to breakout strong from its RM 0.615+ major resistance levels and rallied all the way towards the RM 0.72 regions with huge volume and buying momentum today.
For now still looking quite strong here and as long as able to hold above its RM 0.665+ immediate support levels, could continue on towards and beyond the RM 0.72+ regions for an uptrend continuation pattern.
Will be monitoring CABNET closely here as still on a strong uptrend.
$ATAIMS.MY$ although had a good breakout towards the RM 0.575 regions today, was unable to sustain its buying momentum and retraced all the way back towards closing red at RM 0.55 today.
Overall still looking quite good here and as long as able to sustain above its RM 0.52+ immediate support levels, could continue on towards and beyond its RM 0.58+ major resistance levels for an uptrend continuation pattern soon.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
