Titan Trading Notes For Wednesday [24/7/2024]:

KLCI had a decent rebound back towards the 1629 points region with an overall positive market sentiment today as our market rebounded from yesterday's heavy selling activities. Daily trading volume also was able to settle around the 5.1 billion mark, which is a pretty good sign.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, VELESTO, WELLCHIP, VELOCITY, SENDAI, WCT, BJCORP, TOPGLOV, YTL, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.

This came after a breakout from its RM 0.55+ main downtrend resistance earlier this week. For now still looking very strong here but if unable to breakout from its RM 0.685 regions, could retrace back towards the RM 0.60+ immediate support to form a higher low region first before moving further up.

Will be monitoring SENDAI closely here to see how far it can go.

Although unable to close on its intraday high, its closing price of RM 1.30 was still a pretty good sign here and as long as able to sustain above the RM 1.25+ immediate support, could continue on towards and beyond the RM 1.35+ regions for an uptrend continuation pattern.

Will be monitoring WCT closely here as seems to be on a very strong uptrend.

For now looking quite ripe and strong here for a potential uptrend continuation pattern as long as able to sustain above its RM 2 immediate support level now. I believe the overall trend for NOTION is still healthy and on an uptrend in the mid-long term.