$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$resumed its rebound today, closing back towards the 1620 points regions today with an overall positive market sentiment as our market starts to rebound from the sell off last week. Daily trading volume however remains relatively low around the 2.5 billion mark.
Main stocks that showed strong buying momentum would be the likes of CEB, SORENTO, AIZO, NE, BAHVEST, JAKS, CREST, SRIDGE, YTL, JPG, and KOSSAN. All of which were able to sustain their rallies throughout the day on the top volumes list today.
$CEB (5311.MY)$since the breakout yesterday, was able to continue its buying momentum and broke out towards the RM 0.37 regions today with good volume and buying momentum.
Although it faced some selling pressure which saw the stock retrace back towards the RM 0.36 regions, overall still looking quite strong here in terms of buying momentum and volume. As long as able to hold above its RM 0.33+ support, should be looking quite healthy.
Will be monitoring CEB closely here.
$SORENTO (0326.MY)$since breaking out yesterday, was able to breakout further from its RM 0.405 all time high levels and rallied all the way towards the RM 0.435 regions with huge volume and buying momentum, forming a new all time high here.
For now as long as able to hold above its RM 0.405+ immediate support levels, could continue on towards and beyond the RM 0.435+ major resistance levels soon for the next wave up.
Will be monitoring SORENTO closely as seems to be one of the stronger performing IPO shares.
$AAX (5238.MY)$although retraced all the way back towards the RM 1.83+ support levels earlier this week, was able to hold well as a higher low and broke out back towards the RM 1.90+ regions today with good volume.
So far looking quite healthy here and as long as able to hold above its RM 1.85+ support levels on the hourly charts, could continue on towards and beyond its RM 2.03 major resistance levels soon.
Will be monitoring AAX closely
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