Titan Trading wrote a post · Jan 8 15:29

Titan Trading Notes For Wednesday [8/1/2025]:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a decent rebound back towards the 1629 points region with an overall mixed market sentiment as we still saw over 600 counters closing red for the day. Daily trading volume however was able to close around the 3.9 billion mark, which is still a pretty good signal here.

Main stocks that showed strong buying momentum would be the likes of GAMUDA, ARMADA, NATGATE, SIMEPROP, JFTECH, and YTL. All of which were able to sustain their rallies throughout the day on the top volumes list.

$GAMUDA (5398.MY)$ was definitely the star performer of the day was it was able to maintain its buying momentum from yesterday and was able to breakout all the way towards the RM 5.20+ regions today with huge volume and buying momentum on the daily chart.

So far looking very strong here and as long as able to sustain above its RM 4.90 immediate support, could trend back up towards and beyond its RM 5.24 new high regions here in the coming week.

Will be monitoring GAMUDA closely.

$NATGATE (0270.MY)$ on the other hand was also able to breakout strong from its RM 2.82 all time high levels and rallied all the way towards the RM 3.03 region with huge volume and buying momentum despite the mixed market sentiment.

For now looking very strong here and as long as able to sustain above its RM 2.82+ immediate support on the daily chart, could continue on towards and beyond its RM 3+ new high levels soon in the coming weeks.

Will be monitoring NATGATE closely here as still trending up strongly.

$CLOUDPT (0277.MY)$ since retracing back towards its RM 0.88+ support levels, been able to slowly recover over the past few weeks here and is now hovering around its RM 0.92 - RM 0.95 regions here on the daily chart.

For now looking quite strong here and if able to sustain above its RM 0.90+ immediate support, could breakout from its RM 0.95+ main resistance levels and start trending back up towards its RM 1.05 all time high levels soon in the coming weeks.

Will be monitoring CLOUDPT closely here

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