Titan Trading Notes For Tuesday [24/9/2024]:

KLCI retraced briefly back towards the 1665 points region with an overall negative market sentiment as we saw over 670 counters closing red for the day. Daily trading volume settled around the 3.3 billion mark, which is slightly lower than last week's.

Main stocks that showed strong buying momentum would be the likes of GTRONIC, CAPITALA, VELESTO, 99SMART, TANCO, SIMEPROP, MRCB, MQTECH, GENETEC, SPSETIA, SIME, UEMS, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.

So far this rebound is looking quite strong here and as long as able to sustain above its RM 0.66+ immediate support levels, could continue on towards and beyond the RM 0.725+ major resistance levels soon for a further rebound.

Will be monitoring GTRONIC closely here for a potential entry opportunity.

For now still looking strong here and as long as able to hold above its RM 0.87+ immediate support levels, could continue on towards and beyond its RM 0.93+ major resistance levels to potentially test the RM 0.98 - RM 1 regions soon.

Will be monitoring CAPITALA closely here as seems to be very strong with huge volume building up.

Although unable to close on its intraday high, its closing price of RM 1.55 was still a pretty good one. As long as able to hold above its RM 1.44+ immediate support on the daily chart, could continue on towards and beyond the RM 1.68+ major resistance levels soon for an uptrend continuation pattern.