General Notes For Tuesday [14/11/2023]:

$KLSE-KLCI retraced all the way back towards the 1445 points region during last Friday with an overall mixed market sentiment as we still had over 550 counters closing red for the day. Daily trading volume stood around the 3.19 billion range, which is pretty average.

Main stocks that showed strong buying momentum would be the likes of LEFORM, BPLANT, VLB, PAOS, EDARAN, EDELTEQ, and YEWLEE WA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$LEFORM / 0266 (LEFORM BERHAD) had been doing quite well after consolidating over the pat 2 weeks around its RM 0.24+ immediate support regions, breaking out all the way towards the RM 0.255 levels despite being overbought here during last Friday.

For now looking strong and as long as able to hold above its RM 0.25+ immediate support regions, could be testing or even breaking out from its RM 0.26 all time high zones very soon here for a bullish continuation pattern.

Will be looking into LEFORM closely here.

Definitely good to see an old stock like $PAOS / 5022 (PAOS HOLDINGS BERHAD) surge strong all the way towards the RM 0.515 levels with huge volume during last Friday. Although it faced some selling pressure above the RM 0.45+ levels, its closing price of RM 0.43 was still a pretty good sign here.

For now as long as able to hold above its RM 0.40 immediate support region, could continue on this new breakout rally soon. But will have to monitor quickly as we won't know if it will last or not.

Will be monitoring PAOS closely here.

$PEKAT / 0233 (PEKAT GROUP BERHAD) after breaking out from its RM 0.425 immediate downtrend resistance last week, had been climbing up pretty decently as it managed to close on its intraday high at RM 0.45 during Friday.

For now looking pretty good here for at least a technical rebound back towards the RM 0.47+ levels soon. If able to sustain this kind of buying momentum and volume, could even breakout further back towards the RM 0.50 levels soon.