Titan Trading Notes For Thursday [26/9/2024]

Although KLCI managed to breakout towards the 1673 points region, the overall market sentiment was still quite bearish as we saw almost 800 counters closing red for the day. Daily trading volume settled around the 3.5 billion mark, which is just average here and dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of GTRONIC, 99SMART, MRDIY, SIME, APB, and TANCO. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

So far still not looking too bad here as it's still able to see some buying support above its RM 0.715+ main support levels now. As long as able to sustain, could rebound back towards and beyond the RM 0.76+ major resistance levels soon to potentially go for the next wave up.

Will be monitoring GTRONIC closely here.

So far looking very ripe for an uptrend continuation pattern here and as long as able to hold above its RM 2.10 immediate support, could continue on to trend up towards and beyond the RM 2.30 - RM 2.50+ regions soon.

Will be monitoring MRDIY closely here as seems to be breaking out strong.

So far still able to maintain its strength quite well here and could breakout from its RM 0.60+ main downtrend resistance levels anytime soon as long as able to withstand above its RM 0.53+ main support levels.