Titan Trading Notes For Thursday [8/8/2024]:

$KLSE-KLCI had a decent rebound back towards the 1591 points region after the huge panic selling that happened on Monday. Overall market sentiment was quite positive today and our daily trading volume was also able to settle around the 5.1 billion mark, which is pretty good.

Main stocks that showed strong buying momentum today would be the likes of CEB, EKOVEST, WCT, TOPGLOV, SIMEPROP, SNS, JCY, YTLPOWR, SUNWAY, MRCB, NOVAMSC, BJCORP, SEALINK, YTL, K1, NOTION, NATGATE, SPSETIA, UEMS, and HARTA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$CEB / 5311 (CAPE EMS BERHAD) gapped down towards the RM 0.40 regions and retraced all the way towards the RM 0.345+ regions, forming once again a new low here early in the morning only to rebound strong back towards the RM 0.48 regions with good volume and buying momentum.

Although it's still facing some selling pressure above the RM 0.45+ regions, it's still holding quite well here and as long as able to sustain the rebounding momentum, could breakout from the RM 0.45 immediate downtrend resistance to start rebounding further towards the RM 0.50+ regions soon.

I believe CEB is way too oversold due to one of its major shareholders forced selling activities from margin calls. Will be monitoring it closely.

$WCT / 9679 (WCT HOLDINGS BERHAD) since retracing all the way back towards the RM 0.95+ major support levels, was able to breakout strong all the way towards the RM 1.08+ regions today with good volume and buying momentum.

This is a pretty good sign that its formed its higher low regions already and as long as able to sustain above its RM 1.05+ immediate support, could continue to trend up towards the RM 1.14+ major resistance levels soon.

Will be monitoring WCT closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) despite facing heavy selling pressure earlier during the day, retracing all the way back towards the RM 1.47+ major support levels, was able to find momentum and broke out back above the RM 1.70+ regions with good volume and buying momentum.

For now seems to have formed its higher low regions already and as long as able to sustain above its RM 1.65+ immediate support levels, could continue to rebound back towards the RM 2+ major resistance levels soon in the coming weeks.

Will continue to monitor NOTION closely