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Titan Trading Notes For Wednesday [30/10/2024]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a decent rebound back towards the 1615 points region with an overall mixed market sentiment here as we still saw almost 500 counters closing red for the day. Daily trading volume still settled around the 2.4 billion, which is still quite low here.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, BARAKAH, YTL, NE, MAYBANK, NICE, YTLPOWR, MUIPROP, CYPARK, and NATGATE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$NE (0325.MY)$ was definitely one of the best performers today as shortly after consolidating around the RM 0.60 support levels this morning, was able to breakout strong from its RM 0.625 all time high levels and rallied all the way towards the RM 0.68 regions to form a new high.
For now still looking very strong here despite the mixed market sentiment. As long as able to hold above its RM 0.635 immediate support on the hourly charts, could continue on towards and beyond the RM 0.68+ levels soon in the coming few days.
Will still be monitoring NE closely here as it's one of the best performing stocks recently since its IPO.
$CYPARK (5184.MY)$ since retracing briefly back towards the RM 0.755+ support levels recently, was able to form a solid support there and broke out strong all the way towards the RM 0.835 regions with good volume and buying momentum.
So far still looking quite strong here and as long as able to hold above its RM 0.79+ immediate support levels, could continue on towards and beyond the RM 0.835+ major resistance levels for a further breakout.
Will be monitoring CYPARK closely here as still seems to be trending up quite strongly.
$NATGATE (0270.MY)$ since breaking out from its RM 1.90+ main downtrend resistance levels, had been breaking out strongly over the past few weeks here and today, was able to rally all the way towards the RM 2.15 regions with huge volume and buying momentum here.
Definitely looking very bullish here despite the weak market. As long as able to hold above its RM 2.05 immediate support levels, could breakout towards the RM 2.25+ major resistance levels soon.
Will be monitoring NATGATE closely here
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