Titan Trading Notes For Friday [6/12/2024]:

$KLCI had a slight rebound back towards the 1615 points region with an overall market sentiment as we still saw over 530 counters closing red for the day. Daily trading volume on the other hand was still able to hold around the 3.2 billion mark, which is pretty good.

Main stocks that showed strong buying momentum would be the likes of SUPERMX, ARMADA, JCY, YNHPROP, HAWK, 99SMART, RGB, KPJ, NATGATE, DIALOG, WCT, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list.

Main star for the day would definitely be $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) as it manged to gap up and rally all the way towards the RM 1 major resistance levels with huge volume and buying momentum here out of nowhere.

This came after a few month-long of consolidation between the RM 0.80 - RM 0.90 regions without much volume and action while the other glove stocks had been slowly climbing upwards. For now looking quite ripe here and if able to sustain above its RM 0.935+ support, could start a brand new uptrend soon.

Will be monitoring SUPERMX closely here as seems to be a star in the making.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) although retraced all the way back towards the RM 0.63+ main support levels from the day before, was able to rebound strongly back towards the RM 0.71+ regions with huge volume and buying momentum today.

So far looking very strong here and as long as able to hold above its RM 0.65+ immediate support on the hourly charts, could continue to trend back up towards the RM 0.79 major resistance levels soon.

Will be monitoring YNHPROP closely here as had been going up parabolically.

$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) although retraced back towards the RM 1.31+ support levels earlier this week, was able to recover quite well and even tested its RM 1.40 major resistance levels with good volume and buying momentum today.

So far still consolidating within a symmetrical triangle pattern here but as it trades towards the end of this pattern, could breakout from its RM 1.42 major resistance levels to test its RM 1.46 all time high regions soon in the coming weeks.

Monitoring JPG closely here as might have a move soon if able to sustain.