Titan Trading Notes For Thursday [12/12/2024]:

$KLCI closed slightly red around the 1603 points region with an overall negative market sentiment today as we still saw over 650 counters closing red for the day along with it. Daily trading volume declined as we closed back towards the 2.58 billion mark today.

Main stocks that showed strong buying momentum would be the likes of DNEX, PBBANK, SNS, YNHPROP, MBSB, ELSOFT, ARMADA, CATPIALA, NATGATE, LWSABAH, GENETEC, and AZAMJAYA. All of which were able to sustain their rallies throughout the day despite the weak market sentiment.

$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) since announcing its partnership with GAMUDA to distribute Google cloud solutions, was able to gap up and rally all the way towards the RM 0.415 regions with huge volume and buying momentum.

Although still facing some selling pressure above its RM 0.40 regions, today's closing at RM 0.40 was still a pretty good start for DNEX here. If able to keep this up, could start a brand new uptrend and move back towards the RM 0.42 - RM 0.45+ regions soon.

Will be monitoring DNEX closely here.

$IFCAMSC / 0023 (IFCA MSC BERHAD) today was able to breakout back towards the RM 0.69 regions with good volume and buying momentum here despite the weak market sentiment on the daily chart.

Although unable to close on its intraday high, its closing price of RM 0.685 was still a pretty good sign here. As long as able to sustain above its RM 0.65 support, could trend back up towards the RM 0.70 - RM 0.75+ regions soon for an uptrend continuation pattern.

Will be monitoring IFCAMSC closely here.