Titan Trading Notes For Monday [20/1/2025]:

KLCI had a decent rebound back towards the 1566 points region with an overall positive market sentiment as the market as a whole started to rebound from the past week of rigorous selling activities. Daily trading volume settled around the 3.1 billion mark, which is pretty decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, YTL, SUNWAY, YTLPOWR, ARMADA, IJM, JCY, SUNCON, MNHLDG, TENAGA, DNEX, UEMS, and PBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing all the way back towards the RM 4+ major support levels over the past week, been able to sustain the selling pressure and rebounded back towards the RM 4.20 regions with good volume and buying momentum.

For now showing signs of a potential rebound here. As long as able to hold above its RM 4.05+ immediate support levels, could bounce back towards the RM 4.40+ major resistance levels soon in the coming week.

Will be monitoring SUNWAY closely here as looks ripe for a potential rebound.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing all the way towards the RM 3.65+ main support levels on Friday, was able to rebound back strong towards the RM 3.90 regions on the daily chart here on the same day.

This is a strong sign that it's reached its bottom already after 1-2 weeks of continuous heavy selling activities. As long as able to keep this up, could trend back up towards its RM 4.20 - RM 4.40+ major resistance levels soon in the coming weeks.

Will be monitoring YTLPOWR closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand since breaking out towards the RM 1.50+ regions, been retracing over the past 2 weeks here back towards the RM 1.25+ main support levels and was able to bounce back well towards the RM 1.39 regions on Friday.

so far seems to have formed its higher low regions already and as long as able to sustain above its RM 1.33+ immediate support, could trend back up towards the RM 1.50+ major resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring GENETEC closely here.