Titan Trading Notes For Tuesday [26/11/2024]:

$KLCI had a slight rebound back towards the 1597 points region with an overall positive market sentiment today as our overall market started to rebound well. Daily trading volume settled around the 3 billion mark, which is a slight improvement from last week.

Main stocks that showed strong buying momentum would be the likes of CIMB, PBBANK, YTL, GENETEC, YNHPROP, ARMADA, YTLPOWR, AMBANK, TANCO, 3REN, METRO, INARI, SIMEPROP, HAWK, and SFPTECH. All of which were able to sustain their rallies throughout the day on the top volumes list.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) after consolidating over the past 2 weeks with RM 0.80+ as the main support levels, was able to breakout strong towards the RM 0.87+ regions with huge volume and buying momentum today.

For now looking quite strong here and as long as able to sustain above its RM 0.85+ immediate support levels, could breakout from its RM 0.92+ major resistance levels to trend up further soon.

Will be monitoring GENETEC closely here as seems to be rebounding quite strongly here.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) on the other hand since breaking out from its RM 0.52+ major resistance levels last week, was able to sustain and rallied all the way towards the RM 0.63+ regions with huge volume and buying momentum today.

For now looking very bullish here and as long as able to sustain above its RM 0.59+ immediate support levels, could trend back towards the RM 0.65 - RM 0.70+ major resistance levels soon.

Will be monitoring YNHPROP closely here as something big could be brewing behind the scenes. The volume doesn't look normal.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since announcing its good QR results last week, had been slowly inching upwards and was able to close on its intraday high of RM 0.38 today with good volume and buying momentum.

Seems to be breaking out from its cup and handle pattern here on the daily chart. As long as able to keep this up, could breakout from its RM 0.39 all time high levels and start trending upward strongly soon.

Will be monitoring PLYTEC closely here