General Notes For Wednesday [15/11/2023]:

$KLSE-KLCI had a decent rebound back towards the 1451 points region today with an overall positive market sentiment. Overall daily trading volume settled around the 3.07 billion range here, which is just average.

Main stocks that showed strong buying momentum would be the like SHCHAN, SALCON, IMPIANA, BAHVEST, GUH, SUNWAY, BTECH, and SALUTE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$BTECH / 0011 (BRITE-TECH BERHAD) was definitely one of the star performers today as it managed to breakout from its RM 0.35 major weekly resistance levels and rallied all the way towards the RM 0.43 levels with huge volume today.

This came after almost 2 years of consolidation and retracement without much volume. Although it faced some selling pressure above the RM 0.40+ levels, its closing price at RM 0.375 was still a pretty good sign here.

As long as able to hold, could continue back towards and beyond the RM 0.42+ major resistance levels for a bullish continuation pattern.

$SALCON / 8567 (SALCON BERHAD) since breaking out from its RM 0.25+ major weekly resistance, had been rallying up over the past 2 weeks here with huge volume, going all the way towards the RM 0.34+ levels today.

For now looking pretty strong here and as long as able to hold above its RM 0.33 immediate support levels, could continue on towards and beyond the RM 0.40+ major resistance levels until the next pullback comes.

SALCON definitely on a parabolic rally here and will have to exercise caution when trading it.

EPICON also managed to breakout back towards the RM 0.28 levels today with decent volume after consolidating over the past few weeks with RM 0.27+ as the immediate support levels on the daily chart.

For now as long as able to keep this kind of buying momentum up, could breakout from its RM 0.285 immediate resistance levels soon to test the RM 0.30 major resistance levels for a bullish continuation pattern.