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Titan Trading Notes For Thursday [19/12/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a slight rebound back towards the 1599 points region with an overall mixed market sentiment as we still saw over 500 counters closing red for the day. Daily trading volume remains low around the 2.5 billion mark, which isn't so good.
Main stocks that showed strong buying momentum would be the likes of TOPGLOV, YNHPROP, TANCO, JTGROUP, PESTECH, YBS, JCY, MUDAJAYA, HARTA, SDCG, and SUNWAY. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$SUPERMX (7106.MY)$ was definitely the star player today as it was able to breakout all the way towards the RM 1.23 regions with huge volume and buying momentum despite taking a little hit over the past 2 trading days.
For now looking very bullish here and as long as able to sustain above its RM 1.13 immediate support on the daily chart, could continue to trend back up towards the RM 1.30+ regions soon in the coming weeks for an uptrend continuation pattern.
Will be monitoring SUPERMX closely here as may be the main theme running.
$CLOUDPT (0277.MY)$ since breaking out towards the RM 0.94 regions earlier this month, been consolidating over the past 2 weeks here with RM 0.89+ as the main support levels and was even able to breakout towards the RM 0.95+ regions today with good volume.
So far looking quite bullish here and if able to sustain, could continue to trend back up towards its RM 1.05 all time high levels soon in the coming weeks for an uptrend continuation pattern.
Will be monitoring CLOUDPT closely here
$YTLPOWR (6742.MY)$ since breaking out towards its RM 3.80+ major resistance levels earlier this month, been consolidating over the past few weeks with RM 3.60+ as the main support levels on the daily chart here.
So far seems to be forming a potential higher low region already on the daily chart. If able to sustain, could breakout from its RM 3.80+ major resistance levels once more and start trending up back towards the RM 4.10+ regions soon in the coming weeks.
With MACC clearing its case on the 1Bestarinet issue, I expect the market to react positively to this news tomorrow. Will be monitoring it closely
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