Titan Trading Notes For Friday [11/10/2024]:

$KLCI managed to rebound back towards the 1640 points region with an overall positive market sentiment today. Daily trading volume however remains quite low as we closed around the 2.6 billion mark today.

Main stocks that showed strong buying momentum would be the likes of PERTAMA, MYEG, MRCB, BPURI, YTL, NICE, HIAPTEK, SPSETIA, SDCG, IWCITY, YEWLEE, MAHSING, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.

PERTAMA after hitting its RM 0.24+ major support levels yesterday, was able to rebound strong all the way towards the RM 0.32 regions with huge volume and buying momentum today after being massively oversold over the past weeks.

For now still looking strong here and as long as able to hold above its RM 0.295+ immediate support levels, could continue on towards and beyond the RM 0.35+ major resistance levels soon for a further rebound.

Will be monitoring PERTAMA closely here.

$SPSETIA / 8664 (S P SETIA BERHAD) ince retracing all the way back towards the RM 1+ major support levels during last month, had been able to slowly recover its ground and recently was able to hold steady above its RM 1.20+ main support levels.

For now seems to have formed its higher low regions already after neutralizing most of the selling pressure. If able to breakout from its RM 1.30+ major resistance levels, we could see it start to trend back towards the RM 1.50++ regions once more.

Will be monitoring SPSETIA closely here as seems like the buyers are back in control.

$KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) despite retracing back towards the RM 2.04+ main support levels after TOPGLOV released its QR bomb, had been able to rebound strong and close back towards the RM 2.10 regions with good volume.

So far still looking quite strong here and as long as able to hold above its RM 2.05 immediate support levels, could breakout from its RM 2.15+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring KOSSAN closely here.