Titan Trading Notes For Tuesday [1/10/2024]:
KLCI retraced briefly back towards the 1648 points region with an overall mixed market sentiment as we still saw over 650 counters closing red for the day. Daily trading volume remained average around the 4 billion mark, which is decent.
Main stocks that showed strong buying momentum would be the likes of SINARAN, MUIPROP, BAHVEST, and 99SMART. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$CAPITALA (5099.MY)$ since breaking out from its RM 0.95 major resistance levels, had been able to breakout all the way towards the RM 1.01 regions with huge volume and buying momentum today despite the mixed market sentiment.
For now still facing some selling pressure around the RM 1+ regions here but as long as able to hold above its RM 0.975 immediate support levels, could continue on towards and beyond the RM 1++ regions soon for a bullish continuation pattern.
Will be monitoring CAPITALA closely.
$MUIPROP (3913.MY)$ after consolidating over the past 2 months with RM 0.465+ as the main resistance levels and today, was able to breakout huge all the way towards the RM 0.51 regions with good volume and buying momentum here.
For now although facing strong selling pressure around the RM 0.50+ regions, as long as able to sustain above its RM 0.45+ immediate support levels, could continue on towards and beyond the RM 0.50++ regions for an uptrend soon.
Will be monitoring MUIPROP closely here as something big seems to be brewing.
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