Titan Trading Notes For Monday [2/12/2024]:

$KLCI retraced back towards the 1594 points region with an overall mixed market sentiment on Friday as we still saw over 500 counters closing red for the day along with it. Daily trading volume however was able to jump back towards the 3.4 billion mark, which is a positive sight.

Main stocks that showed strong buying momentum would be the likes of HEXIND, GENETEC, PRTASCO, GENM, HAWK, JPG, JTIASA, and RL. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$HEXIND / 0161 (HEXTAR INDUSTRIES BERHAD) after announcing its partnership to bring Luckin Coffee to Malaysia, was able to breakout from its RM 0.48+ main downtrend resistance on the daily chart, rallied all the way towards the RM 0.52 regions with huge volume and buying momentum.

For now looks pretty ripe for a new uptrend in the making. As long as able to hold above its RM 0.48+ immediate support on the daily chart, could continue to trend up towards and beyond the RM 0.55+ regions soon in the coming weeks.

Will be monitoring HEXIND closely here as there may be a huge fundamental change to the company after bringing Luckin Coffee into Malaysia.

$PRTASCO / 5070 (PROTASCO BERHAD) after announcing strong earnings of over RM 18 million from its latest QR, had a huge gap up and rallied all the way towards the RM 0.32+ regions with huge volume and buying momentum on Friday.

for now still looking strong here and as long as able to sustain above its RM 0.28+ main support levels on the daily chart, could continue on towards and beyond the RM 0.35 - RM 0.36+ regions soon.

Will be monitoring PRTASCO closely here as seems to be going up strongly,

$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since breaking out towards the RM 1.46 all time high levels, had been retracing and consolidating over the past few weeks here and was finally able to breakout from its RM 1.35 immediate downtrend resistance.

So far looking quite strong here, potentially due to FCPO prices coming back up. For now as long as able to hold above its RM 1.35 immediate support, could breakout back towards the RM 1.40 - RM 1.45+ major resistance levels soon for a further rally.

Will be monitoring JPG closely here.