Titan Trading Notes For Monday [13/1/2025]:

KLCI had a slight rebound back towards the 1602 points region during last Friday with an overall mixed market sentiment as we still saw 530 counters closing red for the day. Daily trading volume remained around the 2.5 billion mark, which is pretty average for now.

Main stocks that showed strong buying momentum would be the likes of MYEG, YTL, YTLPOWR, VANZO, JCY, GAMUDA, SUPERMX, CLOUDPT, DSONIC, ARMADA, YBS, and MICROLN. All of which were able to sustain their rallies throughout the day despite the mixed market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) although took a hit from the day before and retraced back towards the RM 0.92+ main support levels, was able to rebound strongly back towards the RM 0.97 regions with huge volume and buying momentum on Friday.

So far looking quite strong here and if able to sustain above its RM 0.95+ immediate support levels, could continue to trend back up towards the RM 1 major resistance levels soon for an uptrend continuation pattern.

Will be monitoring MYEG closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand also retraced back towards the RM 4.90+ main support levels from the day before, was able to rebound strongly back towards the RM 5+ regions on Friday with good volume here.

For now seems to be forming its higher low regions here and if able to sustain on the daily chart, could rebound back towards the RM 5.38 all time high levels soon in the coming weeks once more.

Will be monitoring GAMUDA closely here.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) since retracing back towards the RM 0.90+ main support levels over the past few weeks, been able to form a stable base and broke out strongly from its RM 0.965+ main downtrend resistance and rallied all the way towards the RM 1+ regions soon.

For now looking very strong here and as long as able to sustain above its RM 0.965+ immediate support levels on the daily chart, could continue on towards and beyond its RM 1.05 all time high levels soon for a bullish continuation pattern.

Will be monitoring CLOUDPT closely here