Titan Trading Notes For Tuesday [28/1/2025]:

KLCI took a hit and retraced back towards the 1558 points region with an overall negative market sentiment as China's DeepSeek tore the market apart, especially those that are related to data centres.

There were no stocks among those on the top volumes list that did well today as most of them took a pretty huge hit.

Among those that took a huge hit, 1 of the main ones were $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) as it broke below its RM 3.45+ main support levels and retraced all the way back towards the RM 3.22+ main support levels today with huge volume.

So far not looking too good here and needs to hold well above its RM 3.20+ support. Otherwise, could be retracing back towards the RM 3 main support levels soon.

DeepSeek really casted a huge doubt on the demand for NVIDIA's high end graphics cards...as such, YTLPOWR also took a huge hit.

Will have to monitor YTLPOWR closely and see if able to rebound soon or not.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand also took a huge hit and retraced back towards the RM 4.06 regions with huge selling activities here.

Nothing too surprising as GAMUDA is involved in building lots of data centres in Malaysia, and the overall outlook is not looking too good yet with DeepSeek coming into the markets.

For now needs to hold well above its RM 3.95+ main support levels on the daily chart otherwise, could retrace further down towards the RM 3.60+ regions in the coming weeks.

Will be monitoring GAMUDA closely.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) although had a huge breakout towards the RM 0.675 regions from the day before, took a pretty significant hit as it retraced back towards the RM 0.575 regions today.

Overall seems to have been dragged down by the market sentiment here. For now as long as able to hold above its RM 0.57 support, could still bounce back towards the RM 0.60+ regions.

Otherwise, may retrace back towards the RM 0.54+ main support levels. Will continue to monitor CORAZA