Titan Trading Notes For Tuesday [21/1/2025]:

KLCI had a decent rebound back towards the 1572 points region with an overall positive market sentiment as our overall market started to rebound today from the huge selling activities last week. Daily trading volume however remains around the 2.9 billion mark for now.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, GAMUDA, GENETEC, GIALOG, SIMEPROP, SNS, SALUTE, JCY, VANZO, UEMS, WINSTAR, and YBS, All of which were able to sustain their rallies throughout the day on the top volumes list.

$VELESTO / 5243 (VELESTO ENERGY BERHAD) since retracing back towards the RM 0.145+ main support levels over the past 2 months, been able to form a base and broke out towards the RM 0.195 regions today with good volume and buying momentum.

Although VELESTO is still showing a downtrend, this could be an early sign of a potential trend reversal soon. As long as able to hold above its RM 0.185 support, could breakout from its RM 0.21+ main downtrend resistance soon.

Will be monitoring VELESTO closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since rebounding strong from its RM 3.85+ main support levels during last Friday, was able to resume the buying momentum today, breaking out towards the RM 4.35+ regions here.

Although still seems to be facing some selling pressure, overall still looking not too bad here. As long as able to hold above its RM 4.30+ immediate support, could continue to trend back up towards the RM 4.50+ major resistance levels soon.

Will be monitoring GAMUDA closely here.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) s higher low regions already on the daily chart. As long as able to hold above its RM 0.95+ immediate support, 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

US President Donald Trump's inauguration will be happening tonight and I expect the market to have potential volatility going on. So do take that into account when planning your trades.

For better clarify on the overall direction, best to wait when US Market opens on Tuesday as it's a holiday tonight for them.