Titan Trading Notes For Thursday [23/1/2025]:

$KLCI closed green around the 1587 points region with an overall mixed market sentiment as we saw over 500 counters closing red for the day as the market starts to slow down from its rebound earlier this week. Overall daily trading volume declined back towards the 2.96 billion mark.

Main stocks that showed strong buying momentum would be the likes of MAHSING, YTL, YTLPOWR, SUNWAY, GENM, and CIMB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$MAHSING / 8583 (MAH SING GROUP BERHAD) since retracing all the way back towards the RM 1.30+ main support levels from the day before, was able to resume its rebound today and broke out towards the RM 1.57 regions with good volume and buying momentum.

So far still facing strong selling pressure from its EMA 200 resistance of RM 1.58 here on the daily chart as it closed back towards the RM 1.53 regions. That said, as long as able to sustain above its RM 1.50 support, could still rebound further here.

Have to monitor MAHSING closely as it was quite oversold over the past week.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) was definitely one of the best performers today as it was able to breakout strong from its RM 1.05 all time high and rallied towards the RM 1.08 regions with good volume and buying momentum despite the mixed market sentiment.

Although unable to close on its intraday high, its closing price of RM 1.04 was still a pretty good one. As long as able to hold above its RM 1+ immediate support, could continue on towards and beyond its RM 1.08 new all time high zones soon.

Will be monitoring CLOUDPT closely.