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Titan Trading Notes For Tuesday [24/12/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a slight rebound back towards the 1596 points region with an overall mixed market sentiment as we still saw over 540 counters closing red for the day. Daily trading volume also saw a dip back towards the 2.3 billion mark, which is 1 billion lesser than last Friday, not a good sign.
Main stocks that showed strong buying momentum would be the likes of WINSTAR, TOPGLOV, SUPERMX, JFTECH, GENM, CAPITALA, PBBANK, SCABLE, TANCO, GENETEC, JTGROUP, and GENTING. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$WINSTAR (0336.MY)$ was definitely the star performer today as it managed to breakout all the way towards the RM 0.615 regions with huge volume and buying momentum, forming a new all time high here despite the mixed market sentiment.
So far still looking very strong here and as long as able to sustain above its RM 0.59 immediate support levels, could trend up towards and beyond its RM 0.615 all time high levels for a bullish continuation pattern.
Will be monitoring WINSTAR closely here.
$JFTECH (0146.MY)$ on the other hand since breaking out from its RM 0.60+ major resistance levels earlier this month, been trending upwards strongly with good volume and buying momentum.
Today, it was even able to breakout towards the RM 0.87 regions with huge volume despite the mixed market sentiment. Although faced some selling pressure which saw it retrace back towards the RM 0.82 regions, overall still looking quite bullish here.
As long as able to hold above its RM 0.79+ immediate support, could continue on this uptrend wave here. Will be monitoring JFTECH closely.
$GENETEC (0104.MY)$ on the other hand since retracing back towards its RM 1.18 support levels last week, been able to rebound strong back towards the RM 1.24 regions today with good volume and buying momentum.
Now trading towards the end of its triangle consolidation pattern here already and if able to keep this up, could breakout from its RM 1.25 major resistance levels and trend back up towards the RM 1.34 major resistance levels soon.
Will be monitoring GENETEC closely
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