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Titan Trading Notes For Thursday [26/12/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a slightly rebound back towards the 1602 points region with an overall positive market sentiment on Tuesday before we have our Christmas holiday. Daily trading volume however remains low around the 2 billion mark, looks like the market is also on holiday mood here.
Main stocks that showed strong buying momentum would be the likes of GENETEC, WINSTAR, VANZO, JCY, LWSABAH, TANCO, DIALOG, GENM, CAPITALA, NOTION, GTRONIC, RL, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.
$GENETEC (0104.MY)$ since consolidating over the past few weeks here, was able to breakout strong from its RM 1.25+ major symmetrical triangle resistance levels with huge volume, rallying all the way towards the RM 1.36 regions on Tuesday here.
Although it still faced some selling pressure above the RM 1.30+ regions, its closing price of RM 1.30 was still a pretty good sign here. As long as able to sustain above its RM 1.25 immediate support, could continue to trend back up for a strong uptrend continuation pattern.
Will be monitoring GENETEC closely.
$LWSABAH (5328.MY)$ since consolidating over the past month here, was able to breakout strong from its RM 0.885 major resistance and rallied all the way towards the RM 0.93+ regions with huge volume and buying momentum on Tuesday.
For now looking quite strong here and looks quite ripe for a potential uptrend continuation. As long as able to sustain above its RM 0.915+ immediate support levels, could continue on towards and beyond the RM 0.955+ major resistance levels soon.
Will be monitoring LWSABAH closely here.
$UWC (5292.MY)$ although was met with some selling pressure which saw the stock retrace towards the RM 3.16+ levels earlier in the morning. However, was able to withstand the selling pressure and even rebounded back towards the RM 3.25 regions with good volume towards closing
Looking very strong here for UWC since breaking out from its RM 2.90 major resistance levels over the past week. For now as long as able to sustain, could trend up towards the RM 3.40 - RM 3.50 major resistance before we see a pullback.
Will be monitoring UWC here.
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