Titan Trading Notes For Wednesday [2/4/2025]:

KLCI closed red around the 1513 points region during last Friday with an overall negative market sentiment here. Overall still not looking too good yet.

Main stocks that showed strong buying momentum would be the likes of HI, OVERSEA, PNECEB, THRIVEN, VELOCITY, TANCO, and PASUKGB. Most of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

As you can see, the main theme for now are old penny stocks...which looks quite interesting as we could be entering back into a penny stock theme once more like we once did during 2020 after the market crashed.

$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD) since its earlier retracement back towards the RM 1.70+ main support levels, was able to rebound strongly over the past few weeks here and on Friday, was even able to breakout back towards the RM 1.97 regions with good volume.

For now, looking pretty strong here and if able to hold above its RM 1.90+ immediate support on the daily chart, could breakout from its RM 2.05+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring ECOWLD closely.

TENCENT (HK) Since breaking out towards the HKD 540+ resistance levels, been retracing and consolidating over the past month here all the way back towards the HKD 500+ main support levels here on the daily chart.

So far still able to hold quite well here and could be potentially forming a higher low region. If able to sustain, could bounce back towards and beyond the HKD 520 - HKD 530+ major resistance levels in the coming weeks here.

Will be monitoring TENCENT closely