Titan Trading Notes For Friday [7/2/2025]:

KLCI had a decent rebound back towards the 1585 points region with an overall positive market sentiment today. Daily trading volume also settled around the 2.9 billion mark, which is a slight improvement from the day before.

Main stocks that showed strong buying momentum would be the likes of MYEG, INGENIEU, ASIAPLY, GAMUDA, GENETEC, DATAPRP, NATGATE, CBHB, YTL, KPJ, SCABLE, YTLPOWR, VS, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.915+ main support levels, was able to rebound strong and broke out towards the RM 0.99 regions today with good volume and buying momentum here on the daily chart.

So far seems to be trending upwards slowly here. As long as able to hold above its RM 0.96+ immediate support level, could continue on towards and beyond its RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels last week, been able to rebound strongly and broke out towards the RM 4.47+ regions today with good volume and buying momentum.

Seems to have formed its higher low regions already and as long as able to hold above its RM 4.30+ support levels, could continue to trend back up towards the RM 4.75+ major resistance levels soon in the coming weeks.

Will be monitoring GAMUDA closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) since consolidating over the past 6-7 months here without much volume and buying momentum, was able to breakout from its RM 1.27 resistance and rallied towards the RM 1.29 regions and closed on its intraday high.

Looking quite strong here and could be an early sign of a trend reversal. If able to hold above its RM 1.20+ immediate support levels, could continue to trend back up towards the RM 1.37 - RM 1.40+ major resistance levels soon.

Will be monitoring MSM closely.