Titan Trading Notes For Thursday [21/11/2024]:
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ retraced back towards the 1598 points region with an overall mixed market sentiment as we still saw over 540 counters closing red for the day. Daily trading volume remains around the 2.7 billion mark, still not very good.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, TANCO, MYEG, IFCAMSC, TOPGLOV, BAHVEST, SUNWAY, JPG, YEWLEE, ARMADA, and AAX. All of which were able to sustain their rallies throughout the day on the top volumes list here despite the mixed market sentiment.
$CAPITALA (5099.MY)$ had a huge breakout from its RM 1.05 major resistance levels which saw it rally all the way towards the RM 1.07 regions with huge volume and buying momentum here despite the mixed market sentiment.
So far looking quite strong here and as long as able to hold above its RM 1.02 immediate support, could breakout back towards the RM 1.10+ major resistance levels soon in the coming weeks.
Will be monitoring CAPITALA closely here. Congratulations to those of you that earned a good profit from CAPITALA as per my earlier trading plan. I've taken half my profit and will hold the remainder to see how far it can go.
$IFCAMSC (0023.MY)$ since retracing back towards the RM 0.52+ support levels, had been able to recover quite well over the past week here, even breaking out towards the RM 0.68 major resistance levels today with huge volume and buying momentum.
Looking quite strong here and if able to breakout from its RM 0.70 main downtrend resistance, could start trending up towards the RM 0.80+ major resistance levels once more for an uptrend continuation pattern.
Will be monitoring IFCAMSC closely here.
$NOTION (0083.MY)$ since its earlier breakout towards the RM 1.22+ regions, had been retracing and consolidating with RM 1.14+ as the main support levels over the past week here, potentially forming its higher low regions already.
Today, it was able to breakout strong back towards the RM 1.20+ regions with good volume and buying momentum despite the mixed market sentiment. So far looking quite strong here and as long as able to sustain, could trend back up towards its RM 1.30 - RM 1.40+ regions soon.
Will be monitoring NOTION closely
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