Titan Trading Notes For Monday [29/7/2024]:

KLCI resumed its retracement back towards the 1612 points region with an overall mixed market sentiment as we still saw almost 570 counters closing red for the day. Daily trading volume settled around the 3.8 billion mark, which is slightly lesser than usual as we closed for the week.

Main stocks that showed strong buying momentum would be the likes of DATAPRP, CWG, MYEG, M&G, GOHUB, IJM, and IOIPG. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$DATAPRP / 8338 (DATAPREP HOLDINGS BHD) since breaking out towards the RM 0.25 regions earlier during July, had been able to hold quite well above its RM 0.20+ main support levels on the daily chart over the past week and had been slowly trending upwards.

For now as long as able to sustain above its RM 0.21+ immediate support levels, could continue to trend back up towards and beyond the RM 0.25+ major resistance levels soon in the coming weeks.

Will be monitoring DATAPRP closely as seems to be on a new uptrend here.

GOHUB since its IPO debut during earlier this month, had been able to sustain quite well above its RM 0.865+ main support levels, and was able to breakout strong from its RM 0.94+ major resistance levels, rallying all the way towards the RM 1.18 regions forming a new high here.

For now looking very strong here and as long as able to sustain above its RM 1.05 immediate support levels, could continue on this new uptrend rally wave here in the coming weeks.

Will be monitoring GOHUB closely here as something big seems to be brewing here.

$EG / 8907 (EG INDUSTRIES BERHAD) although retraced back all the way towards the RM 2 major support levels earlier last week, had been able to rebound and hold quite well above its RM 2.10+ immediate support levels here on the hourly charts despite the mixed market sentiment.

For now looking quite ripe here for an uptrend continuation pattern and as long as able to sustain, could trend back up towards and beyond the RM 2.30+ regions soon in the coming weeks.

Will be monitoring EG closely