Titan Trading Notes For Thursday [27/6/2024]:

$KLSE-KLCI had a decent rebound back towards the 1590 points level today with an overall positive market sentiment as our overall market started to rebound from last week's profit taking activities. Daily trading volume however wasn't able to sustain above the 5 billion mark, which saw it dip back towards the 4.7 billion region.

Main stocks that showed strong buying momentum today would be the likes of JCY, SBH, SNS, VELESTO, ATAIMS, RAMSSOL, SIMEPROP, NOTION, JTGROUP, SEALINK, WCT, YTLPOWR, and RGB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) since retracing from its RM 0.935 major resistance levels, managed to hold well above its RM 0.68+ support levels and rebounded back towards the RM 0.75 regions today with good volume and buying momentum.

For now need to see if able to hold above its RM 0.68+ support levels or not. If able to sustain, could breakout from its RM 0.77+ immediate downtrend resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring JCY closely here.

$ATAIMS / 8176 (ATA IMS BERHAD) since breaking out towards the RM 0.58 major resistance levels, had been retracing over the past week here back towards its RM 0.45+ main support levels and was able to breakout strong towards the RM 0.515 regions today with good volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 0.48+ immediate support levels, could continue on towards and beyond its RM 0.515+ regions to test the RM 0.58 major resistance soon.

$NOTION / 0083 (NOTION VTEC BERHAD) although retraced all the way back below its RM 1.90+ main support levels earlier this week, was able to hold above its support and breakout all the way towards the RM 2.25 regions today with good volume and buying momentum.

Although it still faced some selling pressure which saw the stock close back towards the RM 2.13+ regions, it's still a pretty good sign here that it's reached its short term dip region already.

If able to breakout from its RM 2.20+ resistance levels soon, could continue on towards and beyond the RM 2.40+ regions for an uptrend continuation pattern.