Titan Trading Notes For Tuesday [13/2/2024]:
KLCI closed slightly red around the 1512 points region but our overall market sentiment was quite positive despite daily trading volume merely settling around the 1.86 billion range as we break for CNY.
Main stocks that showed strong buying momentum would be the likes of CTOS, DATAPRP, DNEX, E&O, EPICON, IWCITY, JETSON, MINETEC, MYEG, and PERDANA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$EPICON(4847.MY$ without a doubt was one of the best performers during last Friday as it was able to breakout all the way towards the RM 0.42 regions with good volume and buying momentum, even closing on its intraday high here.
This came after it briefly retest its RM 0.35 - RM 0.36+ major support levels over the past week and was already able to stage such a huge breakout. For now, as long as able to hold above its RM 0.40 immediate support, could breakout further towards its RM 0.44 - RM 0.45+ major resistance levels soon.
Will be monitoring EPICON closely here. Congratulations to those of you that earned a fat profit from EPICON as per my latest trading plans. Will continue to hang on to it to see how far it can go here.
$JETSON(9083.MY$ on the other hand also seems to have broken out strong from its RM 0.28+ main downtrend resistance with good volume and buying momentum here.
So far looking pretty strong as been able to close on its intraday high at RM 0.30 here. As long as able to sustain, could breakout back towards the RM 0.34+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring JETSON closely here for a quick trading opportunity.
$CLOUDPT(0277.MY$ after retracing over the past 6 months, was finally able to breakout from its RM 0.54+ main downtrend resistance with good volume and buying momentum here.
For now looking quite strong here and as long as able to hold above its RM 0.54+ support, could continue on an uptrend towards and beyond the RM 0.60+ major resistance levels soon in the coming weeks.
Will be monitoring CLOUDPT closely here
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