Titan Trading Notes for Friday [4/4/2025]

KLCI retraced back towards the 1518 points region with an overall mixed market sentiment as we still had over 540 counters closing red for the day along with it. This came after Trump announced retaliatory tariffs on most countries. Daily trading volume settled low around the 2.5 billion mark, not a good sign.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, HARTA, KOSSAN, NEXG, TANCO, NATGATE, MRCB, and AXIATA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) since consolidating over the past few weeks back around the RM 0.70+ main support levels, was able to breakout strong all the way back towards the RM 0.82+ regions with huge volume and buying momentum as gloves won't be as affected by the tariffs.

For now looking quite decent here and as long as able to sustain above its RM 0.75+ support levels on the daily chart, could breakout all the way back towards the RM 0.83 - RM 0.85+ regions in the coming weeks for a further rebound.

Will be monitoring SUPERMX closely.

$MNHLDG / 0245 (MN HOLDINGS BERHAD) on the other hand been able to hold quite well above its RM 1+ main support levels over the past few weeks here despite the weak market sentiment and was able to do so with decent volume.

For now looking quite strong here and as long as able to sustain above its RM 1.05+ immediate support, could breakout from its RM 1.10+ major resistance levels and start trending up back towards the RM 1.20+ regions once more for an uptrend continuation pattern.

Will be monitoring MNHLDG closely.

Looking at global market sentiment since Trump announced huge retaliatory tariffs on all its trading partners, Bursa Malaysia is actually holding up quite well here already due to high value companies and strong local institution support.

For now we are just facing a lack of liquidity here due to huge foreign fund outflows. Have to be very patient and monitor it closely while not making any rash trading decisions.