Titan Trading Notes For Monday [24/2/2025]:

KLCI had a decent rebound back towards the 1591 points region with an overall mixed market sentiment as we still had almost 450 counters closing red for the day. Daily trading volume dipped slightly below the 3 billion mark, whish isn't a good sign.

Main stocks that showed strong buying momentum would be the likes of MYEG, PCHEM, UEMS, GAMUDA, SUNLOGY, IJM, AIMFLEX, DIALOG, MRDIY, TANCO, MNHLDG, and CBHB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$UEMS / 5148 (UEM SUNRISE BERHAD) since retracing all the way back towards its RM 0.885+ main support levels from last Thursday, was able to emerge as one of the star performers on Friday, breaking out all the way towards the RM 0.98+ regions with huge volume and buying momentum here.

So far looking not too bad here and if able to breakout from its RM 1+ major resistance levels on the daily chart, could trend back up towards its RM 1.10+ main downtrend resistance levels soon in the coming weeks.

Will be monitoring UEMS closely.

$PCHEM / 5183 (PETRONAS CHEMICALS GROUP BERHAD) on the other hand since announcing solid earnings of almost RM 520 million in PAT in its latest QR, was able to rebound strong from its RM 3.65+ support levels all the way back towards the RM 4.10+ regions with huge volume.

For those that have not noticed, PCHEM has actually been dropping over the past year here since its RM 7 regions, heading all the way back towards the RM 3.64 regions on Thursday. Definitely still on a downtrend here but if able to sustain this rebound, could rebound further back towards the RM 4.50+ regions soon.

Will be monitoring PCHEM closely.

$CBHB / 0339 (CBH ENGINEERING HOLDING BERHAD) since announcing solid earnings of slightly over RM 10 million in PAT, was able to sustain its buying momentum and closed back green around the RM 0.335 regions on Friday despite the mixed market sentiment.

For now, it's looking quite strong here and as long as able to sustain above its RM 0.325+ immediate support, could trend back up towards its RM 0.35 - RM 0.36 major resistance levels in the coming weeks here.

Will be monitoring CBHB closely.