Titan Trading Notes For Wednesday [13/11/2024]:

$KLCI closed back slightly red around the 1608 points region with an overall negative market sentiment as we still saw over 600 counters closing red for the day. Daily trading volume settled around the 2.99 billion mark, mainly dominated by sellers still.

Main stocks that showed strong buying momentum would be the likes of CAPITALA, AZAMJAYA, JPG, TOPGLOV, TANCO, VS, HARTA, YEWLEE, YTL, MMAG, and CTOS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$AZAMJAYA / 5329 (AZAM JAYA BERHAD) after its strong debut yesterday, was able to carry forward with its buying momentum and broke out all the way towards the RM 1.25 regions, forming a new all time high here with huge volume.

So far looking quite strong here and as long as able to hold above its RM 1.20 immediate support, could continue on towards and beyond the RM 1.25 all time high levels for a further breakout.

Will be monitoring AZAMJAYA closely here.

CAPITALA on the other hand after consolidating over the past few weeks with RM 0.95+ as the main uptrend support, was able to breakout strong from its RM 1.02 local high resistance and rallied all the way towards the RM 1.05 regions with good volume today.

It's looking quite bullish now and ripe for a breakout here after much consolidation. For now as long as able to hold above its RM 0.98+ immediate support, could continue on towards and beyond its RM 1.10+ regions soon.

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) despite reporting reduced profit in its latest QR, was able to bounce back quickly from its RM 3.16+ main support levels and close green around the RM 3.32 regions with good volume and buying momentum.

So far looking quite strong here as it's leading the glove sector here. For now, as long as able to hold above its RM 3.20+ immediate support, could continue to trend back up towards the RM 3.48+ regions soon.

Will be monitoring HARTA closely as the glove sectors are looking quite promising.