Titan Trading Notes For Tuesday [11/6/2024]:
KLCI retraced briefly back towards the 1614 points region with an overall positive market sentiment despite having over 530 counters closing red for the day. Daily trading volume surged back towards the 5.9 billion mark, which is a pretty good thing to see.
Main stocks that showed strong buying momentum would be the likes of HUBLINE, JAKS, SINKUNG, SCIB, WCT, VELESTO, JTGROUP, NOVAMSC, YNHPROP, JCY, KGW, RGB, LEFORM, SIAB, PANDA, EDUSPEC, ECOWLD, NOTION, and UEMS. All of which were able to sustain their rallies throughout the day on the top volumes list.
$JTGROUP(0292.MY$ definitely took the spotlight today as it was able to resume its bullish momentum, breaking out all the way towards the RM 0.53 regions with huge volume and buying momentum despite being overbought here.
For now as long as able to hold above its RM 0.49+ immediate support, could continue on towards and beyond the RM 0.53+ regions for a parabolic rally continuation pattern.
Will be monitoring JTGROUP closely here as something big seems to be going on.
$KGW(0282.MY$ over the past month, had been able to climb steadily from its RM 0.18+ main support levels and rallied all the way towards the RM 0.255 regions today with good volume and buying momentum, forming a new all time high here.
For now looking quite bullish and as long as able to sustain above its RM 0.235+ immediate support, could continue on an uptrend towards and beyond the RM 0.28+ regions soon in the coming week.
Will be monitoring KGW as seems to have just started its engine.
$IFCAMSC(0023.MY$ after consolidating over the past month with RM 0.50+ as the main support levels, was able to breakout strong form its RM 0.56+ major resistance levels and rallied all the way towards the RM 0.63 regions.
For now looking very bullish here and as long as able to hold above its RM 0.60+ immediate support, could continue on this uptrend towards and beyond the RM 0.65 - RM 0.67+ regions for an uptrend continuation pattern.
Will be monitoring IFCAMSC closely here.
$RGB(0037.MY$ since consolidating with RM 0.41+ as the main support levels over the past few weeks, was finally able to breakout strong today, rallying all the way towards the RM 0.46 regions with good volume and buying momentum.
For now looking very strong here and as long as able to sustain above its RM 0.44+ immediate support, could continue riding here and breakout from its RM 0.465 all time high levels to potentially test its RM 0.50+ regions.
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