Titan Trading wrote a post · May 15, 2024 02:09

Titan Trading Notes For Wednesday [15/5/2024]:

KLCI had a good rebound back towards the 1605 points region with an overall mixed market sentiment as we still have over 500+ counters closing red today. Daily trading volume remains at a healthy level around the 4.6 billion mark, which is good.

Main stocks that showed strong buying momentum today would be the likes of FPHB, PMHLDG, AT, RENEUCO, PDZ, PA, CLOUDPT, YTLPOWR, NOTION, YTL, MRCB, PERDANA, UEMS, SSB8, and ANEKA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$EXSIMHB (1287.MY)$ after retracing back towards its RM 0.29+ immediate support levels over the past few days, was able to form a higher low region and broke out all the way towards the RM 0.355 regions today with good volume and buying momentum.

For now as long as able to sustain above its RM 0.29+ immediate support levels, could continue on towards and beyond its RM 0.355+ regions soon for an uptrend continuation pattern.

Will be monitoring PMHLDG closely here as something big seems to be brewing.

$CLOUDPT (0277.MY)$ after retracing over the past few days here forming a support around its RM 0.69+ regions, and was able to form a higher low there and broke out all the way towards the RM 0.76 regions today, forming a new all time high here with good volume and buying momentum.

For now looking very strong here and as long as able to sustain above its RM 0.715+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 0.76+ regions soon for a bullish continuation pattern.

Will be monitoring CLOUDPT closely here for an entry opportunity as seems to be on a strong uptrend.

$MTEC (0295.MY)$ after consolidating over the past few weeks here, had been able to form a solid support region around its RM 1.15+ regions here on the hourly charts, forming a good higher low region.

Today, it was able to breakout strong towards the RM 1,38 regions with huge volume and buying momentum today, showing no sign of slowing down at all. For now as long as able to sustain above its RM 1.29+ immediate support levels, could continue on towards the RM 1.40+ regions soon.

$PBA (5041.MY)$ since breaking out towards the RM 2.20+ regions, had been retracing and recently formed a solid support region around its RM 2 major support levels on the daily chart here

For now seems to be able to hold above this region and if able to sustain, could continue to breakout towards and beyond the RM 2.20+ major resistance levels and start trending up towards the RM 2.50+ zones once more.

Will be monitoring PBA closely

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