Titan Trading Notes For Monday [27/1/2025]:

KLCI retraced back towards the 1573 points region during last Friday with an overall negative market sentiment as we saw over 650 counters closing red along with it. Daily trading volume settled around the 3 billion mark, which is still decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, CORAZA, RL, SRIDGE, CIMB, and MAYBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.87+ main support levels over the past 2 weeks, been able to rebound quite well on the daily chart here, hovering around its RM 0.96+ regions with good volume.

For now as long as able to sustain above its RM 0.945+ immediate support, could continue to trend back up towards the RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) n the other hand was definitely one of the star performers on Friday as it managed to breakout from its RM 0.625+ major resistance and rallied all the way towards the RM 0.675 regions with huge volume and buying momentum despite the weak market sentiment.

For now looking strong despite facing some selling pressure above the RM 0.65+ major resistance. As long as able to keep this up, could continue to trend back up towards the RM 0.70+ major resistance levels soon.

Will be monitoring CORAZA closely.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing back towards the RM 1.25+ main support levels over the past few weeks, been able to form a solid base here and broke out all the way towards the RM 1.50+ regions with good volume over the past week here.

So far looking quite bullish and as long as able to hold above its RM 1.40+ main support levels on the daily chart, could continue to trend back up towards the RM 1.80+ major resistance levels soon in the coming weeks.

Will be monitoring GENETEC closely here.