Titan Trading Notes For Wednesday [11/12/2024]:

$KLCI closed slightly red back towards the 1608 points region today with an overall mixed market sentiment as we saw over 510 counters closing red along with it for the day. Daily trading volume settled low around the 2.7 billion mark.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, JCY, YNHPROP, GENETEC, MICROLN, JHM, PCHEM, GTRONIC, HARTA, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since breaking out from its RM 1.15+ major resistance levels earlier last week, had been able to sustain its buying momentum and rallied all the way towards the RM 1.40 regions today despite being overbought here on the daily chart.

Although still facing some selling pressure around the RM 1.40 regions, as long as able to sustain above its RM 1.30 immediate support, could continue on this parabolic rally soon.

Will be monitoring TOPGLOV closely here as something big seems to be brewing here.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand also was able to perform well today, breaking out all the way towards the RM 1.10 regions with good volume and buying momentum despite the mixed market sentiment.

For now looks like on a parabolic rally here and despite being overbought, still not showing any signs of weakness yet. If able to sustain above its RM 1.03+ immediate support, could continue on towards the RM 1.15+ regions soon for an uptrend continuation pattern.

Will be monitoring SUPERMX closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breakout from its RM 0.48 main downtrend resistance levels over the past week, had been able to sustain the buying momentum and even broke out towards the RM 0.575 regions here with good volume and buying momentum despite being overbought.

So far looking quite strong here and could be on a brand new uptrend. As long as able to sustain above its RM 0.54+ immediate support on the daily chart, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will be monitoring CORAZA closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand since retracing back towards its RM 1.30+ support levels, was able to hold strong and rebound back towards its RM 1.39 regions today with good volume, even closing on its intraday high here.

So far looking quite bullish and as long as able to sustain above its RM 1.33+ immediate support levels on the hourly charts, could continue on towards testing its RM 1.45+ major resistance levels soon.

Monitoring NOTION closely.