Titan Trading Notes For Thursday [20/2/2025]:

KLCI retraced back towards the 1580 points region with an overall bearish market sentiment as we saw over 750 counters closing red along with it for the day today. Daily trading volume settled around the 3.4 billion mark, mainly dominated by heavy selling activities here.

Main stocks that showed strong buying momentum today would be the likes of VELESTO, NATGATE, ECOWLD, BPURI, SCGBHD, GAMUDA, and CMSB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD) since retracing back towards the RM 1.67+ main support levels, been able to recover quite well over the past few weeks here despite the shaky sentiment, even breaking out from the RM 2+ regions today with huge volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 1.90+ immediate support levels on the daily chart, could continue to trend back up towards its RM 2.10+ major resistance levels in the coming weeks here.

Will be monitoring ECOWLD closely.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) since consolidating over the past few weeks with RM 1.90+ as the main support levels, was able to breakout strong today towards the RM 2.05 regions towards closing with huge volume and buying momentum today.

So far looking very strong here and as long as able to hold above its RM 2+ immediate support levels on the hourly charts, could continue to trend back up towards the RM 2.19+ major resistance levels soon for a further rebound here.

Will be monitoring NATGATE closely.

Market sentiment not looking so good now with foreign funds selling heavily and a huge lack of retail participation, which leads to easy sell downs due to the lack of liquidity, especially for smaller-mid cap stocks.

Even for large cap stocks, we see it is quite obvious. As such, have to stay very cautious and perhaps consider making a move towards the US and HK markets.