Titan Trading Notes for Thursday [13/2/2025]

KLCI had a decent breakout back towards the 1603 points region with an overall positive market sentiment. Overall daily trading volume also saw an improvement as we hovered back towards the 3.15 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, RGB, PBBANK, YTL, INARI, YTLPOWR, YBS, SUPERMX, SRIDGE, SET, RL, SIMEPROP, and MAYBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$RGB / 0037 (RGB INTERNATIONAL BHD) was definitely the star performer today as it broke out from its RM 0.415+ main downtrend resistance and rallied all the way towards the RM 0.44 regions with huge volume and buying momentum.

So far looking quite bullish here and as long as able to sustain above its RM 0.415+ immediate support levels on the daily chart, could continue on towards its RM 0.45+ major resistance levels soon until its next pullback happens.

Will be monitoring RGB closely here as looking quite strong.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) on the other hand also had a decent breakout towards the RM 1.05 regions with good volume and buying momentum today on the daily chart.

This came after it broke out from its RM 1+ major resistance levels earlier last week. For now looking strong and as long as able to hold above its RM 1 support, could continue towards and beyond its RM 1.07 regions soon in the coming weeks.

Will be monitoring MYEG closely here.

With FCPO prices coming up, $JTIASA / 4383 (JAYA TIASA HOLDINGS BHD) had a decent breakout towards the RM 1.35 regions with good volume and buying momentum today, even closing on its intraday high here, which is a very good signal.

For now looking quite bullish and as long as able to hold above its RM 1.30 immediate support level, could continue on towards and beyond its RM 1.40+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring JTIASA closely here as seems to be leading the plantation sector.