General Notes For Friday [19/1/2024]:

$KLSE-KLCI retraced back towards the 1479 points region with an overall negative market sentiment here as we had over 880 counters closing red for the day along with it. Daily trading volume however remained high around the 6 billion mark.

There were no stocks that performed well on the top volumes list today as it was filled with fear and panic selling activities, dominated by the likes of ARTRONIQ, WIDAD, LEFORM, EDUSPEC, MRCB, MERSEC, and many more. Even the large cap stocks like YTL and YTLPOWR took a hit today.

DXN although had a brief breakout towards the RM 0.72 regions yesterday, retraced back towards the RM 0.67+ support regions today with some selling activities here as the market sentiment tanked.

For now still looking pretty decent here and as long as able to hold a higher low region around the RM 0.67+ regions, could continue to trend back towards the RM 0.70+ regions soon.

$SKBSHUT / 7115 (SKB SHUTTERS CORPORATION BERHAD) since breaking out towards the RM 0.86+ major resistance levels, had been consolidating and retracing over the past 5 months here, forming a solid support around the RM 0.535+ major support regions on the daily chart here.

Seems to be holding this region quite well here and if able to sustain, could rebound back towards the RM 0.60 - RM 0.65+ major resistance levels soon here. For now forming strong BOD signals on the daily chart, suggesting a higher low region here already.

Will be monitoring SKBSHUT closely

Among others, $UNIQUE / 0257 (UNIQUE FIRE HOLDINGS BERHAD) is actually holding its ground pretty well too around the RM 0.315+ main uptrend support regions despite the panic selling spree that's spreading across the market as a whole.

For now if able to hold above this region, could bounce back towards the RM 0.34 - RM 0.35+ major resistance levels soon here. So far still looking like it's trading on a pretty healthy uptrend here.

Will be monitoring UNIQUE closely