Titan Trading Notes For Monday [9/9/2024]:

$KLCI retraced back towards the 1653 points region with an overall bearish market sentiment during last Friday as we still saw over 660 counters closing red for the day. Daily trading volume settled low around the 2.3 billion mark as we closed for the week.

Main stocks that showed strong buying momentum would be the likes of HAWK, CEB, NOTION, MRCB, VTC, BAHVEST, DNEX, IHH, BPURI, JCY, UWC, and INARI. All of which were able to sustain their rallies throughout the day despite the weak market sentiment.

$SKHAWK / 03049 (STEEL HAWK BERHAD) despite the weak market sentiment, was able to breakout strong all the way towards the RM 0.41 regions, forming once again a new all time high here with huge volume and buying momentum.

Although it saw some selling pressure which made it close around the RM 0.39 regions, it's still looking quite bullish here and as long as able to sustain above the RM 0.385+ immediate support, could continue on further here.

Will be monitoring HAWK closely as it's one of the stronger ones recently.

$VTC / 0319 (VETECE HOLDINGS BERHAD) on the other hand although retraced back towards the RM 0.525+ main support levels, had been able to hold quite well above it over the past week and rebounded back towards the RM 0.55 regions with good volume.

For now seems to have formed its higher low regions here already and if able to sustain, could breakout back towards the RM 0.575 - RM 0.60++ regions once more for an uptrend continuation pattern.

Will be monitoring VTC closely here as the IPO theme remains strongly in play.

$SEALINK / 5145 (SEALINK INTERNATIONAL BERHAD) despite the weak market sentiment and closing red around the RM 0.35 regions, is actually showing signs of a potential higher low being formed here during this retracement phase.

So far still showing signs of an uptrend as long as it does not break below the RM 0.32+ main support levels on the daily chart. If able to consolidate its strength here, could see a wave up towards the RM 0.40++ regions in the coming weeks when it recovers.

Will be monitoring SEALINK closely here.