Titan Trading Notes For Friday [14/6/2024]:

$KLSE-KLCI had a good rebound back towards the 1610 points region with an overall positive market sentiment as our market started to rebound from yesterday's profit taking activities. Daily trading volume closed around the 5.9 billion mark, which is still pretty good here.

Main stocks that showed strong buying momentum today would be the likes of JCY, MYEG, AEMULUS, AGMO, TOPGLOV, MINETEC, CMSB, APPASIA, INARI, EURO, JTGROUP, SCIB, PERDANA, BJCORP, K1, CAREPLS, SEALINK, CFM, YONGTAI, CUSCAPI, and SIAB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since breaking out towards the RM 1.30+ regions over the past month, had been retracing and consolidating here with RM 1+ as the main support levels on the daily chart.

Today, it was able to breakout from its RM 1.12 major resistance with good volume and rallied all the way towards the RM 1.19 level with good volume and buying momentum here, suggesting a potential uptrend continuation pattern.

Will be monitoring TOPGLOV closely. As long as able to hold above its RM 1.12 support, could continue on towards and beyond the RM 1.20+ regions soon.

$CMSB / 2852 (CAHYA MATA SARAWAK BERHAD) since forming its dip regions around the RM 0.90+ levels during April, had been able to hold well and trend up strongly over the past few months on the daily chart.

Today, it was even able to breakout all the way towards the RM 1.42 regions wit huge volume and buying momentum here. Overall looking very strong, and could be the start of a parabolic rally.

Will be monitoring CMSB closely to see how far it can go.

EPICON since retracing over the past 2 weeks here from its RM 0.37 regions back towards the RM 0.32+ major support levels, was able to breakout strong from its RM 0.34+ immediate downtrend resistance and rallied back towards the RM 0.365 regions with good volume and buying momentum.

For now looking quite strong here for a potential recovery play and as long as able to hold above its RM 0.34+ immediate support levels, could continue to breakout towards and beyond the RM 0.37+ regions to test its RM 0.40 major resistance level.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) since its huge rally all the way towards the RM 0.89 regions, had been entering into a minor consolidation phase with RM 0.72+ as the main support over the past few days.

For now it's trading towards the end of this triangle consolidation pattern already and if able to sustain, could breakout from its RM 0.80+ main resistance levels soon for an uptrend continuation pattern towards the RM 0.90+ regions.