Titan Trading Notes For Tuesday [2/7/2024]:
KLCI had a decent rebound back towards the 1598 points region with an overall positive market sentiment as we started to rebound from the past few weeks of selling activities. Daily trading volume however remained slightly lower today as we settled at merely the 3.6 billion mark.
Main stocks that showed strong buying momentum today would be the likes of SNS, NOVAMSC, JCY, EATECH, ATAIMS, IFCAMSC, HIAPTEK, YGL, TCS, SOLID, APPASIA, PANDA, JTGROUP, K1, AGMO, CABNET, NOTION, RGB, RL, CENSOF, MAHSING, and FSBM. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SNS(0259.MY$ definitely stole the show today as it was able to rebound strong from its RM 0.74+ major support levels and broke out all the way towards the RM 0.84+ regions today with huge volume and buying momentum.
For now looking strong here and as long as able to hold above its RM 0.79+ immediate support levels, could continue back on an uptrend continuation pattern towards and beyond its RM 0.90+ regions soon in the coming weeks.
Will be monitoring SNS closely here.
As for the E-Invoice theme, $IFCAMSC(0023.MY$ is definitely the star player here was it managed to breakout strong from its RM 0.79+ major resistance levels and rallied all the way towards the RM 0.915 regions with good volume and buying momentum.
Looking very strong here and as long as able to hold above its RM 0.86+ immediate support levels, could continue on towards and beyond its RM 0.915+ regions soon for an uptrend continuation pattern.
Will be monitoring IFCAMSC closely here.
$ATAIMS(8176.MY$ on the other hand also looking quite strong today as it was able to breakout from its RM 0.50+ regions and rallied all the way towards the RM 0.515 major resistance levels with huge volume and buying momentum.
For now although unable to close on its intraday high, still looking quite strong here and as long as able to hold above its RM 0.49+ immediate support, could continue on towards and beyond the RM 0.535 - RM 0.55+ regions soon for an uptrend continuation pattern.
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