Titan Trading Notes For Wednesday [12/2/2025]:

KLCI retraced briefly back towards the 1589 points region with an overall mixed market sentiment as we still had 590 counters closing red along with it for the day. Daily trading volume however remains healthy around the 3 billion mark, a pretty good sign of recovery here.

Main stocks that showed strong buying momentum would be the likes of COLFORM, ASIAPLY, KAB, RL, DSONIC, CIMB, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$RL / 0219 (RESERVOIR LINK ENERGY BHD) ince its earlier failed breakout towards the RM 0.40 major resistance levels during November, been recovering well from its RM 0.325+ main support levels, and is now hovering around the RM 0.35 - RM 0.36 regions with growing buying momentum and volume.

So far looking quite bullish here and as long as able to hold above its RM 0.345+ immediate support levels, could breakout back towards the RM 0.40+ major resistance levels once more. A breakout from its RM 0.37 resistance would be a first confirmation signal.

Will be monitoring RL closely here.

$ASIAPLY / 0105 (ASIA POLY HOLDINGS BERHAD) on the other hand since its earlier breakout from its RM 0.090+ major resistance, been breaking out strong all the way towards the RM 0.155 regions with huge volume and buying momentum on Monday.

Looks like it's on a huge parabolic rally here. For now as long as able to hold above its RM 0.13 immediate support on the daily chart, could continue towards and beyond its RM 0.155+ major resistance levels.

Will be monitoring ASIAPLY though not sure what's going on as the breakout is quite sudden.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since its earlier breakout towards the RM 1.30 regions, been retracing and consolidating over the past 2-3 months here without much volume and action, forming a base around its RM 1.07+ EMA 200 main support level.

For now looking quite decent here and with its latest solid earnings of over RM 17 million, expecting it to drive back up towards the RM 1.13 - RM 1.15+ regions soon in the coming few days.

Will be monitoring HUPSENG closely