Titan Trading Notes For Tuesday [23/4/2024]:

$KLSE-KLCI had a good breakout towards the 1559 points region today with an overall positive market sentiment after the blood bath last week. Daily trading volume settled around the 3.49 billion mark, which is decent as most of it were dominated by buying activities.

Main stocks that showed strong buying momentum would be the likes of KEYFIELD, RENEUCO, PMHLDG, DATAPRP, CUSCAPI, ANCOMLB, SPSETIA, IFCAMSC, UEMS, YTL, SENDAI, MRCB, SNS, TANCO, EDELTEQ, DIALOG, ICONIC, NAIM, and RAMSSOL. All of which were able to sustain their rallies throughout the day on the top volumes list.

$IFCAMSC / 0023 (IFCA MSC BERHAD) was definitely one of the best performers today as it managed to breakout from its RM 0.38 major resistance and rallied all the way towards the RM 0.415 levels with huge volume and buying momentum, even closing on its intraday high.

For now looking quite strong here and if able to sustain above its RM 0.38 immediate support levels, could continue on towards and beyond the RM 0.435 - RM 0.45+ major resistance levels for an uptrend continuation pattern.

Will be monitoring IFCAMSC closely here as it's still on a healthy uptrend.

$NAIM / 5073 (NAIM HOLDINGS BERHAD) since breaking out towards the RM 1.10 regions, had been retracing over the past few trading days and was able to form a solid higher low around its RM 0.96+ support, and broke out all the way towards the RM 1.06 levels with huge volume and buying momentum.

For now looking quite good here and if able to sustain, could continue on towards and beyond the RM 1.10+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring NAIM closely here.

$TEXCYCL / 0089 (TEX CYCLE TECHNOLOGY (M) BERHAD) on the other hand also performed extremely well today after breaking out from its RM 0.97+ main resistance levels with good volume and buying momentum, breaking out all the way towards the RM 1.10 regions today.

For now not showing any signs of weakness anymore here and as long as able to sustain, could continue on towards the RM 1.15 - RM 1.20+ regions in the coming few days here for an uptrend continuation pattern.

Will be monitoring TEXCYCL closely here as something big could be brewing.