General Notes For Thursday [14/12/2023]:

$KLSE-KLCI managed to rebound back towards the 1448 points region today with an overall positive market sentiment today. Daily trading volume also bounced back towards the 3.76 billion range today, which is a pretty good sign.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, BPURI, SCABLE, LEFORM, SCIB, YTL, CAREPLS, BIOHLDG, KPJ ,SUPERMX, KOSSAN, PANDA, and HARTA. All of which were able to sustain their rallies throughout the day on the top volumes list.

Main theme for the day would definitely be the glove sector with $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) taking the lead on the top volumes list as it was able to breakout strong all the way back towards the RM 0.875 levels with huge volume and buying momentum today after testing the RM 0.80+ support regions over the past few weeks.

Seems like it's formed its higher low regions already and if able to sustain above its RM 0.85 immediate support region on the daily chart, could breakout back towards and beyond the RM 0.90+ main resistance levels soon here.

Looks like the healthcare theme is in play here and will be monitoring closely for TOPGLOV as I'm expecting it to be one of the leading stocks for this sector

$BIOHLDG / 0179 (BIOALPHA HOLDINGS BERHAD) on the other hand since retracing and consolidating over the past year, had formed a solid support region around the RM 0.080 regions and was able to breakout strong from its RM 0.10 main resistance levels with huge volume.

For now as long as able to hold above the RM 0.10+ immediate support regions, could breakout back towards and beyond the RM 0.11 - RM 0.12+ major resistance levels soon to start a new uptrend as the healthcare theme comes into play.

Will be monitoring BIOHLDG closely here to see how far it can go

EPICON since retesting its RM 0.29+ immediate support regions over the past few weeks, had been breaking out very strongly with good buying momentum and volume over the past week, rallying all the way towards the RM 0.36 levels today, forming a new 52 week high.

So far quite overbought here but still not showing any sign of weakness yet. As longa s able to hold above its RM 0.335+ immediate support levels, could be looking at the RM 0.385+ zones soon.

Congratulations to those of you that earned a very fat profit from EPICON here as per my earlier trading plan. I've decided to take all my profits today around the RM 0.35 mark as it's quite overbought already and will re-enter when it retraces back towards the RM 0.30+ support levels once more if possible.