Titan Trading Notes For Tuesday [21/5/2024]:
KLCI had a good breakout today, breaking out all the way towards the 1627 points region with an overall positive market sentiment. Daily trading volume remains exceptional as we almost hit 7 billion today.
Main stocks that showed strong buying momentum would be the likes of VELESTO, MBSB, AHB, DATAPRP, DNEX, JAKS, DSONIC, NOTION, PMHLDG, EKOVEST, MRCB, PANDA, RGB, ASTRO, DXN, and CUSCAPI. All of which were able to sustain their rallies throughout the day on the top volumes list.
$MBSB(1171.MY$ definitely on a strong uptrend rally here since breaking out from its RM 0.82+ major resistance levels last week, had been rallying all the way towards the RM 0.95 regions today with huge volume and buying momentum despite being overbought.
For now looking very strong and as long as able to sustain above its RM 0.90+ immediate support levels, could continue on towards and beyond the RM 1+ major resistance levels soon in the coming weeks.
Will be monitoring MBSB closely here. Quite rare to see a bank rally in such a manner.
$NOTION(0083.MY$ definitely on a parabolic rally here as it managed to gap up and rally all the way towards the RM 1.05 major resistance levels today with huge volume and buying momentum.
This came after its breakout from its RM 0.65+ major resistance levels, the stock had since been going on a strong parabolic rally here. For now as long as able to sustain above its RM 0.92+ immediate support, could continue on towards and beyond the RM 1.05 regions soon.
Will still monitor NOTION closely.
$RAMSSOL(0236.MY$ since breaking out towards the RM 0.50 major resistance levels, had been retracing and consolidating over the past 2 weeks here with RM 0.46+ as the main support level on the daily chart.
Today, it was able to stage a strong breakout back towards the RM 0.49 regions with good volume and buying momentum. For now looking quite strong here and as long as able to sustain, could continue on towards and beyond the RM 0.54+ major resistance levels soon in the coming weeks.
$RGB(0037.MY$ since retracing back towards the RM 0.375+ main support levels on the daily chart, had been able to form a good support there and broke out strong towards the RM 0.435 regions today with good volume and buying momentum.
For now looking quite bullish here and as long as able to sustain above its RM 0.41+ immediate support levels, could continue on towards and beyond the RM 0.45+ regions soon in the coming weeks.
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