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.

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

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.

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.