Titan Trading Notes For Monday [30/9/2024]:

$KLCI retraced back towards the 1660 points region with an overall mixed market sentiment as we still saw over 640 counters closing red for the day. Daily trading volume also saw a dip back towards the 3 billion mark, which isn't exactly a pleasant sight.

Main stocks that showed strong buying momentum would be the likes of CAPITALA, VS, GAMUDA, PMETAL, and SIMEPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

CAPITALA had a pretty strong breakout towards the RM 0.95 regions with huge volume and buying momentum during last Friday here despite being overbought recently.

So far still looking quite strong here and as long as able to hold above its RM 0.90 main support levels, could continue on towards and beyond the RM 0.95+ regions to test the RM 1 regions soon in the coming week.

Will be monitoring CAPITALA closely here.

$PMETAL / 8869 (PRESS METAL ALUMINIUM HOLDINGS BERHAD) on the other hand since retracing over the past few months, was able to breakout strong from its RM 5 main downtrend resistance during last Friday and rallied all the way towards the RM 5.20+ regions with huge volume and buying momentum here.

So far still looking quite strong but seems to be facing some selling pressure around the RM 5.20 regions. For now as long as able to hold above its RM 5 immediate support, could start trending up back towards the RM 5.20 - RM 5.40+ regions soon in the coming week.

Will be monitoring PMETAL closely here.

$SIMEPROP / 5288 (SIME DARBY PROPERTY BERHAD) since retracing all the way back towards the RM 1.44 support levels last week, had been able to hold quite well and rebounded back towards the RM 1.50+ regions on Friday.

Although it still was met with some selling pressure, the buying momentum seems to be coming back already. As long as able to hold above the RM 1.44 support, could continue on towards and beyond the RM 1.60+ regions soon in the coming weeks.

Will be monitoring SIMEPROP closely here