Titan Trading Notes For Thursday [24/10/2024]:
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ retraced briefly back towards the 1641 points region with an overall mixed market sentiment as we still saw over 470 counters closing red along with it for the day. Daily trading volume however was able to bounce back towards the 3.2 billion mark, which is a good sign.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, MYEG, SIMEPROP, SPSETIA, BAHVEST, 99SMART, MRDIY, NE, CREST, AAX, JPG, SCGBHD, YEWLEE, JTIASA, and NATGATE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$CREST (0323.MY)$ although retraced all the way back towards the RM 0.295 regions last week, had been able to form a solid support and rebounded back strong today back towards the RM 0.355 regions with good volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.345 immediate support, could breakout back towards the RM 0.38 - RM 0.40 major resistance levels soon for an uptrend continuation pattern.
Will be monitoring CREST closely here.
$NE (0325.MY)$ on the other hand although retraced back towards the RM 0.55+ support levels, was able to rebound back strong towards the RM 0.59 all time high levels today with good volume and buying momentum.
For now looking quite strong here and as long as able to hold above its RM 0.565 immediate support, could continue on towards and beyond the RM 0.59 all time high levels for a bullish continuation pattern soon.
Will be monitoring NE closely as still trending up strong.
$AAX (5238.MY)$ since breaking out yesterday, was able to perform quite well today and broke out all the way towards the RM 2 major resistance levels with huge volume and buying momentum today.
For now looking very strong here and as long as able to hold above its RM 1.90 immediate support, could continue on towards and beyond the RM 2.10 - RM 2.20+ major resistance levels soon.
Will be monitoring AAX closely
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
