Titan Trading Notes For Wednesday [22/1/2025]:

KLCI had a decent rebound back towards the 1580 points region with an overall positive market sentiment as our market rebounded strong from last week's heavy selling activities. Daily trading volume remained at a healthy level around the 3.4 billion mark, which is a pretty good start.

Main stocks that showed strong buying momentum would be the likes of CBHB, MAHSING, SET, VELESTO, GAMUDA, SNS, SIMEPROP, NATGATE, GENETEC, JCY, SUNWAY, YTL, SUNCON, YTLPOWR, ARMADA, INARI, MNHLDG, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MAHSING / 8583 (MAH SING GROUP BERHAD) since retracing over the past 2 weeks, went all the way towards the RM 1.30+ main support levels today and rebounded all the way towards the RM 1.50+ regions with huge volume and buying momentum after being massively oversold.

So far looking quite strong here for this rebound and as long as able to sustain above its RM 1.44+ immediate support, could continue to trend back up towards the RM 1.60+ major resistance levels soon.

Will be monitoring MAHSING closely here.

$SUNWAY / 5211 (SUNWAY BERHAD) on the other hand since rebounding from its RM 4+ main support levels earlier last week, been able to carry forward the buying momentum today and rallied all the way towards the RM 4.50+ regions with good volume here.

Although unable to close on its intraday high, its closing price of RM 4.46, could trend back up towards the RM 4.70+ major resistance levels soon in the coming few days here to resume this buying momentum.

Will be monitoring SUNWAY closely as seems to be rebound very strongly.

$KLSE-ADB since retracing back towards the RM 1.10+ support levels over the past week, been able to rebound quite well since then and bounced back towards the RM 1.23 regions with good volume and buying momentum today, even closing on its intraday high.

Looking quite bullish for now as it seems to have formed its higher low regions already over the past week. If able to sustain, could trend back up towards the RM 1.32 all time high levels soon in the coming weeks.

Will be monitoring ADB closely here.

US market also rebounding quite well tonight, expecting our local market sentiment to be lifted up as well in the coming few days.