Titan Trading Notes For Tuesday [7/5/2024]:
KLCI had a good breakout towards the 1597 points region today with an overall positive market sentiment. Daily trading volume also saw a jump back towards the 4.4 billion mark, which is a pretty good sign.
Main stocks that showed strong buying momentum would be the likes of SNS, SENDAI, DNEX, ICONIC, PWRWELL, TOPGLOV, YTL, JIANKUN, MRDIY, IFCAMSC, CAPITALA, YTLPOWR, INTA, PMHLDG, HEGROUP, and IOIPG. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SNS(0259.MY$ was definitely the superstar performer for the day as it managed to breakout from its RM 0.395 major resistance levels, rallying all the way towards the RM 0.50 new all time high levels with huge volume and buying momentum.
For now looking very bullish here for SNS and as long as able to sustain above its RM 0.445+ immediate support levels, could continue on this strong parabolic rally towards and beyond the RM 0.50+ regions in the coming few days itself.
Will be monitoring SNS closely here as something big seems to be brewing.
$DNEX(4456.MY$ on the other hand also looking quite strong here as it had been able to hold quite well above its RM 0.39+ main support levels on the daily chart over the past month, forming a higher low region.
It was even able to breakout from its RM 0.415+ major resistance levels today and rallied towards the RM 0.42 regions with good volume and buying momentum. For now looking quite strong here and could be ripe for an uptrend continuation pattern towards the RM 0.435 - RM 0.45+ regions soon.
Will be monitoring DNEX closely as it seems to be ripe for an uptrend.
$PBA(5041.MY$ since consolidating over the past 2 months without much volume and action, was able to breakout strong from its RM 2.10+ major resistance levels today and rallied all the way towards the RM 2.16 levels with good volume and buying momentum.
Looks ripe for an uptrend continuation pattern here as long as able to stay above its RM 2.10+ immediate support levels, could continue to trend back up twoards the RM 2.30 - RM 2.50+ major resistance levels soon in the coming weeks.
Will be monitoring PBA closely
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104258206 : Misplaced the date, it's only May
Titan Trading OP 104258206 : I'm using day/month/year format haha