Titan Trading Notes For Thursday [13/6/2024]:
KLCI had a brief retracement back towards the 1608 points region, closing red for the day with an overall negative market sentiment as we had over 750 counters closing red for the day. Daily trading volume however was able to hit 7.5 billion, which is very good here.
Main stocks that showed strong buying momentum would be the likes of DNEX, SNS, AT, INARI, CLOUDPT, MYEG, ATAIMS, NOVAMSC, JETSON, DFX, PRIVA, and SCOPE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.
$DNEX (4456.BMS)$ since consolidating over the past few weeks, was able to form a higher low region around its RM 0.46+ support levels and broke out all the way towards the RM 0.525 regions with huge volume and buying momentum today.
For now looking quite strong here despite not being able to close above its RM 0.50+ regions. As long as able to hold above its RM 0.48+ regions, could continue on towards and beyond its RM 0.525+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring DNEX closely here
$INARI (0166.BMS)$ definitely shocked the market today as it was able to breakout from its RM 3.50 major resistance levels and rallied all the way towards the RM 3.96 all time high regions here with huge volume and buying momentum.
This came after consolidating over the past month here with RM 3.25+ as the higher low regions on the daily chart earlier. For now definitely looks like on an uptrend here and as long as able to sustain above its RM 3.70+ support, could continue on towards and beyond the RM 4+ regions.
Will be monitoring INARI closely here to see where this uptrend could lead it.
$NOTION (0083.BMS)$ since retracing back towards the RM 1.40+ regions earlier this month, had been able to regain traction and broke out towards the RM 1.74 regions today with good volume and buying momentum.
Although unable to close on its intraday high, its closing price of RM 1.65 was still a pretty good sign here and as long as able to sustain, could continue on towards and beyond the RM 1.70+ regions for a stronger uptrend continuation pattern.
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