Titan Trading Notes For Thursday [6/6/2024]:
KLCI had a brief retracement, closing red back towards the 1608 points region today with an overall mixed market sentiment as we saw almost 600 counters closing red for the day along with it. Daily trading volume settled around the 4.2 billion mark, which is still decent for today's standards.
Main stocks that showed strong buying momentum would be the likes of DNEX, DSONIC, JCY, WCT, INTA, FPHB, ASTRO, MAHSING, SMART, PWRWELL, ANEKA, EVERGRN, INARI, IJM, and IRIS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$DNEX(4456.MY$ had a big breakout today all the way towards the RM 0.495 regions with huge volume and buying momentum early in the morning despite being overbought on the daily chart.
For now looking quite strong here despite not being able to close on its intraday high, as long as able to hold above its RM 0.46+ immediate support levels, could continue on towards and beyond the RM 0.50+ major resistance levels.
Congratulations to those of you that earned a good profit from DNEX as per my earlier trading plans. I'm still hanging on to all my DNEX shares here to see how far it can go as per my trading plan.
$INTA(0192.MY$ had been consolidating over the past month here with RM 0.40+ main support levels on the daily chart here and today, was able to breakout all the way towards the RM 0.485 major resistance levels here with good volume and buying momentum.
For now looking quite strong here and as long as able to sustain above its RM 0.43+ immediate support levels, could continue on towards and beyond the RM 0.50+ major resistance levels here for an uptrend continuation pattern.
Will be monitoring INTA closely here as something big seems to be brewing.
$FPHB(0304.MY$ since breaking out towards the RM 0.485 regions over the past weeks, had been able to form a solid base around its RM 0.45+ main support levels here and today, was able to breakout all the way towards the RM 0.51 regions with huge volume and buying momentum, forming a new all time high.
For now looking quite strong here and as long as able to sustain above its RM 0.48+ immediate support levels on the hourly charts, could continue on this uptrend rally towards and beyond the RM0.51+ regions soon in the coming weeks.
$OCNCASH(0049.MY$ since breaking out towards its RM 0.45 major resistance levels, ha been retracing over the past few weeks here, forming a solid base around its RM 0.35+ main support levels on the daily chart.
Today, it was able to rebound strong back towards the RM 0.39 regions with good volume and buying momentum. Seems to be quite ripe for an uptrend continuation pattern here as long as able to sustain above its RM 0.37+ immediate support levels.
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