Titan Trading Notes For Friday [16/2/2024]:
KLCI closed slightly red around the 1528 points region with an overall positive market sentiment here and daily trading volume also rebounded back towards the 3.67 billion mark, which is a pretty good start.
Main stocks that showed strong buying momentum would be the likes of AGX, DAY3, DIALOG, INNATURE, IWCITY, LEFORM, MINETEC, MTEC, SCABLE, SCIB, SKPRES, SRIDGE, and WENTEL. All of which were able to sustain their rallies on the top volumes list.
$MINETEC(7219.MY$ since breaking out from its RM 0.14+ main downtrend resistance, had been climbing up quite well towards the RM 0.17 regions today with good volume momentum and volume.
So far still looking pretty strong here and as long as able to hold above its RM 0.16+ immediate support levels, could breakout back towards the RM 0.20+ regions soon for an uptrend continuation pattern.
Will be monitoring MINETEC closely here for an entry opportunity.
$SCABLE(5170.MY$ since breaking out towards the RM 0.48 regions, had been retracing over the past 2 months here with RM 0.14+ as the main support levels on the hourly and daily charts.
Today, it was able to breakout from its RM 0.21+ main downtrend resistance levels with good volume and buying momentum here and as long as able to sustain, could continue breaking out towards the RM 0.26 - RM 0.30+ regions soon for an uptrend continuation pattern.
Will be monitoring SCABLE closely for an entry opportunity soon.
$EPICON(4847.MY$ after testing its RM 0.40+ support levels over the past few days, was able to form a higher low region there and broke out back towards the RM 0.425+ regions today with good volume and buying momentum.
So far will be testing its RM 0.43+ main ascending triangle resistance here and if able to breakout from this region, could be rallying back up towards the RM 0.45 - RM 0.48+ regions soon for an uptrend continuation pattern.
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