Titan Trading Notes For Wednesday [20/11/2024]:

$KLCI retraced slightly back towards the 1602 points region with an overall positive market sentiment today as our market started to rebound from last week's sell off here. Daily trading volume however remains around the 2.8 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of LWSABAH, HAWK, CAPITALA, TOPGLOV, VTC, MRDIY, YEWLEE, AZAMJAYA, UEMS, and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$LWSABAH / 5328 (LIFE WATER BERHAD) ince retracing back towards the RM 0.83+ support levels from the day before, was able to form a solid support and broke out all the way towards the RM 0.94+ regions with huge volume and buying momentum today.

So far looking quite strong here and as long as able to sustain above its RM 0.915 immediate support, could breakout towards its RM 0.955+ major resistance levels soon for a further rally up.

Will be monitoring LWSABAH closely here as still performing well.

$SKHAWK / 03049 (STEEL HAWK BERHAD) since consolidating over the past 2 weeks here with RM 0.36+ as the main support level on the daily chart, was able to breakout strong from its RM 0.41 previous high and rallied all the way towards the RM 0.455 levels, forming a new high here.

So far looking quite strong here and as long as able to sustain above its RM 0.41+ immediate support levels, could continue to rally further here as long as able to keep the buying momentum.

Will be monitoring HAWK closely here as it could be leading the IPO sector now.

CAPITALA on the other hand also able to reciprocate similar buying momentum and broke out towards the RM 1.04 regions today with good volume and buying momentum as well.

This came after it retraced back towards its RM 0.98+ main uptrend support levels earlier last week. For now as long as able to sustain, could breakout from its RM 1.05 major resistance levels soon for a further breakout.

Will be monitoring CAPITALA closely here