Titan Trading Notes For Monday [30/12/2024]:

KLCI had a decent breakout back towards the 1628 points region with an overall positive market sentiment as KLCI window dresses to close for the year of 2024. Overall daily trading volume remains relatively low as we ended the day with only 2.8 billion.

Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, CUSCAPI, SUPERMX, ECA, TOPGLOV, UEMS, EKOVEST, GAMUDA, TENAGA, MRCB, SIMEPROP, TANCO, MUIIND, IWCITY, HAWK, and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out from its RM 0.915+ main downtrend resistance with good volume and buying momentum earlier this month, been able to sustain its buying momentum over the past few weeks.

On Friday, was even able to breakout back towards the RM 0.97 regions with good volume and buying momentum. So far as long as able to hold above its RM 0.94+ immediate support, could continue to trend back up towards the RM 1+ regions soon.

Will be monitoring MYEG closely here as seems to be starting to trend back up soon.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand since breaking out towards the RM 1.20+ regions, had been able to hold well above the RM 1.18 support over the past week despite the mixed market sentiment.

On Friday, it was even able to breakout back towards the RM 1.29 regions with good volume and buying momentum here. Looking very strong here and as long as able to sustain above its RM 1.22+ immediate support, could continue to trend back up towards the RM 1.30+ regions soon.

Will be monitoring SUPERMX closely here as it's one of the strongest glove counters that are trending back up now.

$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD) since consolidating within a huge symmetrical triangle pattern over the past 5-6 months on the daily chart, was able to breakout from its RM 4.60+ major resistance levels over the past week and hold strong above it.

On Friday, it was even able to breakout towards the RM 4.73+ regions with good volume here. If able to sustain, could trend back up towards the RM 5+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUNCON closely here