Titan Trading Notes For Monday [15/4/2024]:
KLCI closed slightly red around the 1551 points region with an overall mixed market sentiment as we still had over 510 counters closing red for the day. Daily trading volume settled around the 3.88 billion mark, which is decent.
Main stocks that showed strong buying momentum would be the likes of HM, DNEX, RGB, MRCB, SPSETIA, SNS, SBH, SIMEPROP, BAHVEST, ZANTAT, TDM, TECHBASE, NOTION, THETA, ASTRO, GFM, and SENDAI. All of which were able to sustain their rallies throughout the day on the top volumes list.
$DNEX(4456.MY$ had been trading on a major downtrend over the past few years but was finally able to breakout from its RM 0.40+ main downtrend resistance last Friday and rallied all the way towards the RM 0.42 levels with huge volume and buying momentum.
For now looking quite strong here and as long as able to sustain above its RM 0.40+ immediate support, could continue on towards and beyond its RM 0.435 - RM 0.45+ regions soon for an uptrend rally soon.
Will be monitoring DNEX closely here as could be the start of a total trend reversal.
$MRCB(1651.MY$ on the other hand also had a huge breakout after consolidating over the past few weeks here around its RM 0.65 - RM 0.685 regions on the daily chart, was able to breakout all the way towards its RM 0.715 major resistance levels here, forming a new local high.
For now looking very strong and ripe for an uptrend continuation pattern despite retracing back towards its RM 0.56+ major support levels just last month. As long as able to sustain above its RM 0.685 RM 0.70+ support, could continue strong here.
Will be monitoring MRCB closely.
$EATECH(5259.MY$ after consolidating over the past few weeks around its RM 0.30+ support levels, was able to breakout strong from its RM 0.34 major resistance with huge volume and buying momentum, breaking out towards the RM 0.35++ regions here.
For now looking very strong for an uptrend continuation and as long as able to hold above its RM 0.34 immediate support, could have a fast breakout towards testing its RM 0.395 major resistance levels soon.
Will be monitoring EATECH closely here as the company is also in the midst of regularising its business activities in hopes of exiting from its PN17 status. Should be in the uptrend for the long run.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
