Titan Trading Notes For Thursday [19/9/2024]

KLCI retraced briefly back towards the 1660 points region with an overall mixed market sentiment as we still saw over 520 counters closing red for the day. Daily trading volume remains relatively low around the 2.2 billion mark as we closed for the day.

Main stocks that showed strong buying momentum would be the likes of MYEG, CEB, JSB, AGX, DNEX, THETA, GENETEC, and EKOVEST. All of which were able to sustain their rallies throughout the day on the top volumes list.

That said, it was met with fierce selling pressure which saw the stock closing back towards the RM 0.955 regions. For now still not looking too bad here and as long as able to sustain above its RM 0.935+ immediate support, could continue on an uptrend here still.

Will be monitoring MYEG closely here.

Today, it was even able to breakout towards the RM 0.57 regions with huge volume and buying momentum. This is a strong sign that it's ripe for an uptrend continuation pattern already.

As long as able to sustain above its RM 0.52+ support, could continue on towards and beyond the RM 0.60 all time high levels soon. Will be monitoring AGX closely.

For now still looking not too bad here and as long as able to sustain above its RM 3+ immediate support levels, could continue on towards and beyond the RM 3.20 major resistance levels soon for an uptrend continuation pattern.