Titan Trading Notes For Friday [21/2/2025]:

KLCI retraced further down towards the 1577 points region with an overall bearish market sentiment as we still saw over 640 counters closing red for the day along with it. Daily trading volume remains low around the 3.1 billion mark, mainly dominated by heavy selling activities.

Main stocks that showed strong buying momentum would be the likes of MYEG, NATGATE, HARTA, MRDIY, CBHB, 99SMART, GAMUDA, and KOSSAN. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) had a strong breakout towards the RM 2.18 regions with good volume earlier during the morning session but was met with some selling pressure, even retracing all the way back towards the RM 1.99+ support levels.

That said, it was still able to show strong buying momentum towards the end and closed back towards the RM 2.10 regions with good volume here. For now looking quite strong here and as long as able to hold above its RM 2 support, could continue to trend back up towards the RM 2.20+ regions for an uptrend continuation pattern.

Will be monitoring NATGATE closely.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) although took a hit from its RM 1.05+ resistance levels and retraced all the way back towards the RM 0.985+ support levels this morning, was able to rebound back towards the RM 1.02+ regions with good volume here.

So far looking quite strong on an uptrend 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 1.05 - RM 1.10+ regions soon in the coming weeks.

Will be monitoring MYEG closely here.

Overall market sentiment not looking good at all and volume is drying up. Have to stay cautious and increase cash positions.