Titan Trading Notes For Wednesday [2/10/2024]:
KLCI had a decent rebound back towards the 1656 points region with an overall positive market sentiment as we rebounded from Monday's sell off. Daily trading volume however remains low around the 2.5 billion mark, which isn't a good sight.
Main stocks that showed strong buying momentum would be the likes of DNEX, LHI, TOPGLOV, HIAPTEK, CEB, LAYHONG, VS, SDCG, WCT, ELRIDGE, ASTRO, EKOVEST, AAX, EATECH, and SPSETIA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$DNEX (4456.MY)$ after announcing its cloud partnership with Google, was able to breakout strong from its RM 0.365 main downtrend resistance and rallied all the way towards the RM 0.395 regions with huge volume and buying momentum today.
So far still facing strong selling pressure above the RM 0.39 regions here but as long as able to sustain above its RM 0.365 immediate support, could continue to trend up towards and beyond its RM 0.40+ major resistance levels soon.
Will be monitoring DNEX closely here.
$LHI (6633.MY)$ since briefly retracing back towards its RM 0.68+ immediate support levels last week, was able to hold strong and broke out all the way towards the RM 0.76 regions with huge volume and buying momentum today.
So far looking quite strong here and as long as able to sustain above its RM 0.72 immediate support levels, could continue on towards and beyond the RM 0.78 - RM 0.80+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring LHI closely here as it remains one of the leading poultry stocks.
$HARTA (5168.MY)$ since retracing all the way back towards the RM 2.70 major support levels, was able to hold above its support and recover back quite well over the past 2 weeks here, breaking out towards the RM 2.90+ regions with good volume today.
So far seems quite ripe for a potential uptrend continuation pattern here. As long as able to hold above its RM 2.85+ immediate support levels, could continue on towards and beyond the RM 3 - RM 3.20+ major resistance levels soon.
Will be monitoring HARTA closely here.
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