Titan Trading Notes For Friday [5/4/2024]:
KLCI had a good breakout back towards the 1553 points region with an overall positive market sentiment today. Daily trading volume however only settled around the 3.3 billion mark, which is just average for today's standards.
Main stocks that showed strong buying momentum would be the likes of VELESTO, ZANTAT, TDM, ALPHA, WIDAD, SNS, TCS, PERDANA, CLOUDPT, YTLPOWR, PWRWELL,PMETAL, YTL, DNEX, RSAWIT, PAOS, ECONBHD, PARKSON, HIAPTEK, ECA, KGW, and WENTEL. All of which were able to sustain their rallies throughout the day on the top volumes list.
$ZANTAT(0301.MY$ was definitely one of the best performers today as it managed to breakout all the way towards the RM 0.56 levels to form a new all time high despite being overbought here.
For now facing some selling pressure around the RM 0.56 levels which saw the stock close back towards the RM 0.53 regions. Looking very strong on the hourly charts here with RM 0.50 - RM 0.51+ immediate support levels and if able to hold, could continue on towards and beyond its RM 0.56 regions soon for an uptrend continuation.
Will be monitoring ZANTAT closely here as it had been trending upwards very strongly over the week since its IPO debut.
$TDM(2054.MY$ after retracing and consolidating over the past few weeks back towards its RM 0.265 major uptrend support level, was able to hold as a higher low and breakout from its RM 0.295 major resistance levels and rallied all the way towards the RM 0.33 regions.
for now looking very strong and ripe for a potential bullish continuation pattern here and as long as able to hold above its RM 0.30 immediate support, could continue on this new uptrend rally here in the coming weeks.
Will be monitoring TDM closely as company seems to be turning back towards a profitable company.
$MINOX(0288.MY$ since breaking out from its RM 0.27 main downtrend resistance, had been trending upwards over the past few days here, even breaking out towards the RM 0.295 regions with good volume and buying momentum today.
for now looking quit strong and as long as able to sustain above its RM 0.285+ immediate support levels, could continue on towards testing its RM 0.30+ major resistance levels soon in the coming weeks.
MINOX looks quite ripe for a new uptrend pattern here as it barely performed since its IPO debut last year.
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104772367 : what is the support for tdm?
Titan TradingOP 104772367: TDM support around RM 0.275 - RM 0.285
104772367 : looks like reversal to uptrend again, sorry to the shorties