Titan Trading Notes For Wednesday [10/7/2024]:

KLCI had a decent rebound back towards the 1614 points region today but our overall market sentiment remains negative as we still saw over 660 counters closing red for the day. Daily trading volume remained around the 4.6 billion mark, which is still healthy for now.

Main stocks that showed strong buying momentum would be the likes of JPG, ARMADA, ATAIMS, K1, DATAPRP, UUE, PBBANK, AIMFLEX, AFFIN, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

This came after months of consolidation within the RM 0.43 - RM 0.58 range. For now able to breakout from its RM 0.0.535+ major resistance levels with good volume and as long as able to sustain above it, could continue on towards and beyond the RM 0.58+ regions for an uptrend continuation pattern.

Congratulations to those of you that earned a good profit here as per my earlier trading plans. I'm still hanging on to all my ATAIMS shares here to see how far it can go.

For now although unable to close on its new high, as long as able to hold above its RM 0.765+ immediate support levels, could continue on towards and beyond the RM 0.80+ regions for an uptrend continuation pattern.

Will be monitoring UUE closely here as still on a strong uptrend.

Seems to have formed its higher low regions around the RM 0.42+ regions already and today, was able to breakout towards the RM 0.465 regions with good volume and buying momentum.

For now as long as able to sustain above its RM 0.445 support, could continue on towards and beyond the RM 0.475 regions for an uptrend continuation pattern.

Will be monitoring HEXIND closely here