Titan Trading Notes For Wednesday [4/12/2024]:
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a decent rebound back towards the 1606 points region with an overall positive market sentiment as our market sentiment starts to recover pretty well. Daily trading volume also was able to close back towards the 3.3 billion mark, which is a good sign too.
Main stocks that showed strong buying momentum would be the likes of JCY, GENETEC, MYEG, YTLPOWR, SIMEPROP, YTL, NOTION, CEB, YNHPROP, SNS, GTRONIC, CORAZA, JPG, ECA, SPSETIA, WCT, SUNWAY, ECOWLD, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.
$YTLPOWR (6742.MY)$ since breaking out from its RM 3.30+ main downtrend resistance over the past week, had been able to stay well above its support level and today, was able to breakout strong all the way towards the RM 3.70+ regions with huge volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 3.60+ immediate support level, could continue on towards and beyond its RM 3.80 - RM 4 major resistance levels soon for a further rally soon.
Will be monitoring YTLPOWR closely here as seems ripe for a major trend reversal
$NOTION (0083.MY)$ on the other hand was definitely one of the star performers today as it was able to breakout strong from its RM 1.30+ major resistance levels, rallying all the way towards the RM 1.44 regions with huge volume and buying momentum.
For now, it's looking very strong although unable to close on its intraday high. As long as able to sustain above its RM 1.32+ immediate support levels, could continue on towards and beyond its RM 1.50+ major resistance levels soon.
Will be monitoring NOTION closely here as the data center themed stocks seem to be coming back with NOTION taking the lead.
$CORAZA (0240.MY)$ although retraced slightly back towards the RM 0.48 regions this morning, was able to breakout strong all the way towards the RM 0.54 regions with huge volume and buying momentum today.
So far looking very bullish here and as long as able to sustain above its RM 0.50+ immediate support, could continue on this uptrend wave all the way back towards the RM 0.565 - RM 0.58+ regions soon.
Will be monitoring CORAZA closely
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
