Titan Trading Notes For Monday [16/12/2024]:

KLCI had a slight rebound back towards the 1608 points region with an overall mixed market sentiment as we still had almost 500 counters closing red for the day during last Friday. Daily trading volume settled lower around the 2.7 billion mark.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, JFTECH, SUPERMX, ARMADA, INARI, ECA, SIMEPROP, 99SMART, AZAMJAYA, SUNWAY, YTL, and KPJ. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed sentiment.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) was definitely the star of the glove scene recently. Since breaking out from its RM 1.17+ major resistance levels earlier this month, been rallying all the way towards the RM 1.40+ regions on Friday with huge volume and buying momentum here despite being overbought.

So far still not showing any sign of weaknesses yet and as long as able to hold above its RM 1.30+ immediate support on the daily chart, could continue on towards and beyond its RM 1.50+ regions soon for an uptrend continuation pattern.

Will be monitoring TOPGLOV closely here.

$JFTECH / 0146 (JF TECHNOLOGY BERHAD) recently been making headlines, since breaking out from its RM 0.60+ main downtrend resistance over the past 2 weeks, been trending up strong and even broke out towards the RM 0.80+ regions with huge volume and buying momentum here.

Looks very ripe for a brand new uptrend here and seems like something big could be brewing behind the scenes. For now as long as able to sustain above its RM 0.74 immediate support, could continue on towards and beyond its RM 0.88+ regions soon.

Will be monitoring JFTECH closely

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breaking out towards the RM 0.57+ major resistance levels earlier last week, been consolidating and able to hold well above its RM 0.54+ immediate support levels on the daily chart despite the mixed market sentiment.

So far looking very strong here since breaking out from its RM 0.50+ main downtrend resistance earlier this month. As long as able to keep this up, could continue to trend up towards the RM 0.60 - RM 0.62+ regions soon in the coming weeks.

Will be monitoring CORAZA closely here