Titan Trading Notes For Wednesday [31/7/2024]:
KLCI retraced back towards the 1611 points region with an overall negative market sentiment today as we saw over 800 counters closing red for the day along with it. Daily trading volume settled around the 4.1 billion mark, which were mostly dominated by selling activities.
Main stocks that showed strong buying momentum would be the likes of EKOVEST, WCT, PCCS, XOX, ECOWLD, MAHSING, and DIALOG. All of which were able to sustain their rallies throughout the day on the top volumes list.
$WCT (9679.BMS)$ despite the negative market sentiment, was able to rebound back towards the RM 1.32+ regions today with good volume and buying momentum after retracing back towards the RM 1.24+ main support levels.
So far looking very strong here and seems to be trending up healthily as long as able to sustain above its RM 1.26+ immediate support levels, could continue on towards and beyond its RM 1.35+ regions for an uptrend continuation pattern.
Will be monitoring WCT closely as still on a healthy uptrend.
$MAHSING (8583.BMS)$ since retracing back towards the RM 1.85+ main support levels over the past 2 weeks, had been able to hold quite well as a higher low region and bounced back towards the RM 1.96 regions with good volume and buying momentum today.
For now looking quite bullish here and as long as able to sustain above its RM 1.90+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 1.96+ regions for an uptrend continuation pattern.
Will be monitoring MAHSING closely here as looking very strong.
$NOTION (0083.BMS)$ despite retracing slightly back towards the RM 2.08 regions earlier this morning, was able to bounce back and close flat around the RM 2.13 regions today with good volume and buying momentum despite the weak market sentiment.
Overall looking quite bullish here and as long as able to sustain above its RM 2.05+ immediate support levels on the hourly charts, could continue on to trend up towards and beyond the RM 2.25+ major resistance levels soon for an uptrend continuation pattern.
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