My Trading Notes For Monday [10/2/2025]:
KLCI had a decent rebound back towards the 1590 points region on Friday with an overall positive market sentiment still. Daily trading volume also saw some improvements, trading back towards the 2.9 billion mark.
Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, YTL, ASIAPLY, YTLPOWR, SRIDGE, NATGATE, GAMUDA, CIMB, TANCO, TECHBND, CFM, JCY, SIMEPROP, SNS, MSM, and IJM. 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 over the past few weeks, been able to hold strong and broke out all the way towards the RM 1.03+ regions with good volume and buying momentum during Friday.
For now looking quite bullish here and as long as able to hold above its RM 1 immediate support levels on the daily chart, could continue to trend back up towards the RM 1.07+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring MYEG closely here.
$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels over the past 2 weeks, been rebounding strong and even broke out towards the RM 4.56 regions with good volume and buying momentum on Friday.
So far looking quite strong here and as long as able to hold above its RM 4.40+ immediate support, could continue to trend back up towards the RM 4.70 - RM 4.80+ major resistance levels soon in the coming week.
Will be monitoring GAMUDA closely here.
$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) o n the other hand since breaking out from its RM 1.27+ major resistance levels on Thursday, was able to maintain its buying momentum and rallied towards the RM 1.47+ regions with huge volume and buying momentum here.
Looking very strong here and as long as able to hold above its RM 1.40 support, could be testing its RM 1.52 major EMA 200 resistance levels soon on the daily chart in the coming few days.
Will be monitoring MSM closely.