Titan Trading Notes For Thursday [13/3/2025]:

KLCI resumed its sell down and retraced all the way back towards the 1484 points region with still an overall negative market sentiment here as we still had over 650 counters closing red for the day along with it. Daily trading volume still settled around the 3 billion mark, mainly dominated by sellers still.

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

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since breaking out towards the RM 8.40+ regions, been taking a huge hit over the past few weeks here, plunging all the way back towards the RM 6.92+ major support levels with huge selling pressure.

For now seems to be looking weak here as foreign funds continue their sell down in huge volumes. If unable to rebound back towards the RM 7.20+ regions, could head back towards the RM 6.85 - RM 6.90+ main support levels soon in the coming week.

Will be monitoring CIMB closely as I believe fundamentally it is still solid with dividend yields of over 6% now.

$GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD) since retracing all the way back towards the RM 1.30 from the day before, been able to form a dip and bounced back towards the RM 1.45 regions with good volume and buying momentum today.

It still was able to close green around the RM 1.45 regions here with good volume despite the weak market. If able to sustain above its RM 1.40 support, could bounce back towards the RM 1.50 - RM 1.65+ major resistance levels soon in the coming weeks.

Will be monitoring GREATEC closely.