Titan Trading Notes For Thursday [3/4/2025]:

KLCI had a decent rebound back towards the 1526 points region with an overall negative market sentiment here as we still saw over 630 counters closing red for the day. Daily trading volume however saw a huge dip back towards the 2.3 billion mark, which is not a good sign.

Main stocks that showed strong buying momentum today would be the likes of CIMB, MYEG, MRDIY, AMBANK, POS, MAYBANK, AVANGAAD, TENAGA, and MRCB. 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 retracing back towards the RM 7+ support levels over the past 2 days, been able to rebound back strong towards the RM 7.14+ regions today with good volume and buying momentum despite the weak market sentiment.

For now as long as able to sustain above its RM 7+ support, could breakout from its RM 7.35+ major resistance levels to start trending back up towards the RM 7.50+ regions soon in the coming weeks.

Will be monitoring CIMB closely.

$POS / 4634 (POS MALAYSIA BERHAD) since its earlier breakout from its RM 0.21+ main downtrend resistance levels over the past week, been able to sustain the buying momentum and broke out towards the RM 0.275 regions today with good volume and buying momentum despite the weak market.

For now, it's looking quite strong and as long as able to sustain above its RM 0.25+ immediate support, could breakout back towards and beyond its RM 0.30+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring POS closely.

Bursa Malaysia still facing foreign fund outflows + retail participation is dropping bit by bit here...whole market is getting dry and we will have to be very patient and wait this out.

Only focus on stronger counters and just monitor closely first until foreign funds come back as buyers soon. When we hit rock bottom, the only way is up.