Titan Trading Notes For Thursday [16/1/2025]:

KLCI suffered from huge selling activities, taking it all the way down towards the 1562 points region with an overall bearish market sentiment as we saw over 960 counters closing red along with it for the day. Daily trading volume settled around the 3.4 billion mark mainly dominated by sellers.

There were no stocks in particular that performed well today on the top volumes list as most of them still taking quite a huge hit here.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) after obtaining its digital banking license from the MOF, was able to see good buying support come in and closed slightly green around the RM 3.83 regions with huge chunks of shares being transacted.

After taking a huge hit over the past week from its RM 4.50+ major resistance levels, seems to have finally found support around the RM 3.80+ regions on the daily chart here. With a doji candlestick being formed, could rebound back towards the RM 4+ regions soon here.

Will be monitoring YTLPOWR closely here.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) on the other hand since retracing from its RM 3+ all time high levels, seems to have formed a solid support around the RM 2.25 - RM 2.30 regions on the daily chart as it was able to close back towards the RM 2.30 regions today.

For now looking quite stable here on the daily chart and if able to form a higher low region here, could rebound back towards its RM 2.50 - RM 2.60+ resistance levels soon for at least a technical rebound.

Will be monitoring NATGATE closely.