eneral Notes For Wednesday [22/11/2023]:

$KLSE-KLCI managed to rebound quite well back towards the 1463 points region with an overall positive market sentiment today. Daily trading volume also did quite well around the 3.65 billion range.

Main stocks that showed strong buying momentum would be the likes of MYEG, KAB, MUHIBAH, BAHVEST, UEMS, PBBANK, UNIQUE, MESTRON, JSB, and OPCOM. All of which were able to sustain their rallies throughout the day on the top volumes list.

$KAB / 0193 (KEJURUTERAAN ASASTERA BERHAD) after retracing and consolidating over the past 3-4 months since breaking out towards the RM 0.37+ levels, had been able to form a solid base region around the RM 0.325+ major support levels.

For now looking strong here and was able to breakout from its RM 0.34 immediate downtrend resistance with good volume. For now if able to sustain this kind of buying momentum, could breakout back towards and beyond the RM 0.35 - RM 0.37 resistance levels soon.

Will be monitoring KAB back again closely.

$BTECH / 0011 (BRITE-TECH BERHAD) since its earlier breakout towards the RM 0.43 levels, had been retracing and consolidating over the past week here with RM 0.32+ as the main support region on the hourly charts.

For now seems to have formed a decent support region here already and if able to breakout from its RM 0.34 immediate downtrend resistance, could see a potential rebound back towards the RM 0.36 - RM 0.39+ levels soon for at least a technical rebound.

Will be monitoring BTECH closely here

$LYC / 0075 (LYC HEALTHCARE BERHAD) since its earlier breakout all the way towards the RM 0.24+ levels, had been able to consolidate well above its RM 0.20+ immediate support regions and recently, was able to retest the RM 0.235 resistance levels once more.

Seems to have formed a higher low region around its RM 0.215+ immediate support levels already and if able to sustain this region, could potentially ride on this incoming healthcare sector for a breakout towards the RM 0.255+ regions very soon here.