Titan Trading Notes For Tuesday [19/11/2024]:

$KLCI managed to rebound strong back towards the 1604 points region with an overall positive market sentiment today. Daily trading volume remains around the 2.9 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, JPG, BAHVEST, LWSABAH, CYPARK, SCGBHD, CAPITALA, PMETAL, SUNWAY, SRIDGE, KOSSAN, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since retracing back towards the RM 1.25+ support levels last week, had been able to regain its strength and broke out from its RM 1.35 resistance, rallying all the way towards the RM 1.40+ regions with good volume and buying momentum.

So far looking quite strong here and as long as able to sustain above its RM 1.35+ immediate support levels, could continue to trend back up towards its RM 1.47 all time high levels soon.

Will be monitoring JPG closely here as still trending up strongly.

$CYPARK / 5184 (CYPARK RESOURCES BERHAD) after consolidating over the past 2 weeks, was able to breakout strong from its RM 0.86+ main resistance levels with huge volume, rallying all the way towards the RM 0.90 regions here.

So far still looking strong here and as long as able to sustain above its RM 0.86+ immediate support on the hourly charts, could continue to trend back up for this week.

Will be monitoring CYPARK closely.

CAPITALA since retracing back towards the RM 0.98+ main uptrend support levels earlier last week, had been able to rebound back strong towards the RM 1+ regions today with good volume and buying momentum.

So far looking quite strong and ripe here for a potential breakout back towards and beyond its RM 1.05+ major resistance levels soon in the coming few days as long as able to sustain the buying momentum.

Will be monitoring CAPITALA closely here