General Notes For Thursday [23/11/2023]:

$KLSE-KLCI had a brief retracement back towards the 1455 points region today with an overall negative market sentiment as we had around 530 counters closing red along with it for the day. Daily trading volume also remained low around the 2.96 billion range.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, LEFORM, CAPITALA, LAYHONG, AAX, SUPERMX, LHI, PLYTEC, PA, and TEOSENG. All of which were able to sustain their rallies throughout the day on the top volumes list despite the bad sentiment.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) looking very strong recently as it was able to breakout strong from its RM 0.80+ major resistance levels with good volume and rallied all the way towards the RM 0.84+ levels today with good volume.

For now looking pretty good here and as long as able to sustain this kind of buying momentum, could breakout back towards the RM 0.885+ major resistance levels soon in the coming weeks if able to start a new uptrend.

Will be monitoring TOPGLOV and the overall healthcare sector closely here.

$LEFORM / 0266 (LEFORM BERHAD) on the other hand also performed quite well today as it managed to rebound sharply from its RM 0.255+ support levels yesterday to retest its R M0.28 resistance today with good volume.

So far still looking pretty strong here and as long as able to hold above its RM 0.27 immediate support levels, could continue on back towards and beyond the RM 0.295 all time high levels soon for a strong bullish continuation pattern.

Will be monitoring LEFORM closely here.

$BTECH / 0011 (BRITE-TECH BERHAD) also performed quite well today after holding well above its RM 0.32+ major support levels, and managing to breakout from its RM 0.33 immediate downtrend resistance to test the RM 0.34 levels with decent volume today.

So far looking pretty decent here and as long as able to hold above its RM 0.33 immediate support region, could be testing its RM 0.36+ major resistance levels soon in the coming few days.