Titan Trading Notes For Tuesday [4/3/2025]

KLCI closed back towards the 1571 points region with an overall bearish market sentiment as we still saw over 700 counters closing red for the day. Daily trading volume settled around the 3.1 billion mark, mainly dominated by sellers here. Still not looking good at all.

Main stocks that showed strong buying momentum would be the likes of MYEG, CIMB, KPJ, MRDIY, ARMADA, LHI, ELRIDGE, NOVAMSC, and SRIDGE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$KPJ / 5878 (KPJ HEALTHCARE BERHAD) since announcing stellar earnings during last Friday, was able to rebound strong from its RM 2.40+ support levels and broke out all the way towards the RM 2.64 regions with huge volume and buying momentum.

So far looking very strong here and as long as able to hold above its RM 2.55+ immediate support levels, could continue on towards and beyond its RM 2.64+ regions for an uptrend continuation pattern.

Will be monitoring KPJ closely here as trending up strongly.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) broke through its RM 1.70+ major support levels, taking it all the way down to its limit down price of RM 1.30 in just a short span of 10 minutes towards closing. This came after Singapore proving into potential fraud in Nvidia AI chip shipments to China.

Although NATGATE clarified their position in the evening that this probe has nothing to do with them, and certain research houses coming out to suggest a buy on weakness opportunity, we'll still have to monitor it closely first.

For now due to this sharp drop, there is a chance that some investors might get margin called and forced selling in the coming few days if unable to recover swiftly. Will have to monitor closely. If unable to hold above its RM 1.30 support, could retrace further down towards its RM 1.10+ major support levels in the coming few days.