Titan Trading Notes For Friday [13/12/2024]:

KLCI closed red around the 1602 points region with an overall negative market sentiment today as we saw almost 550 counters closing red for the day along with it. Daily trading volume however was able to jump back towards the 3.3 billion mark, whish isn't too bad.

Main stocks that showed strong buying momentum would be the likes of TMK, KPJ, GTRONIC, EWINT, AZAMJAYA, RL, SUNWAY, and YNHPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$AZAMJAYA / 5329 (AZAM JAYA BERHAD) since its earlier rally towards the RM 1.32 all time high levels, had been retracing over the past few weeks here, heading back towards the RM 0.785+ major support levels.

Over the past few days, it was able to rebound and broke out from its RM 0.90+ major resistance levels, rallying back towards the RM 1.02+ regions with good volume and buying momentum here.

So far still looking not too bad here and as long as able to hold above its RM 0.99 support, could trend back up towards the RM 1.05 - RM 1.10+ regions soon. Will be monitoring AZAMJAYA closely here.

$SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD) since breaking out from its RM 0.92+ main downtrend resistance levels earlier last month, had been trending up since then and even broke out towards the RM 1.16 regions with good volume and buying momentum today, forming a new all time high.

For now not showing any signs of weakness yet and as long as able to hold above its RM 1.08+ immediate support on the daily chart, could continue to trend back up towards and beyond its RM 1.16 regions for an uptrend continuation pattern.

Will be monitoring SCGBHD closely here as trending up strongly.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) although facing some selling pressure around the RM 0.57 regions, still able to hold well above its RM 0.54+ immediate support level on the daily chart here despite being slightly overbought.

For now if able to form a higher low region here, could start trending back up towards the RM 0.57 - RM 0.58+ major resistance levels soon for an uptrend continuation pattern. Recently saw insiders buying back their shares on open market too, could be a good booster for CORAZA.

Will be monitoring CORAZA closely here