Titan Trading Notes For Monday [7/4/2025]:
KLCI retraced back towards the 1504 points region with an overall negative market sentiment here as we saw over 770 counters closing red for the day. Daily trading volume settled around the 1.8 billion mark, which is a new low for 2025. Definitely looking very bearish here.
There were no stocks that showed strong buying momentum on the top volumes list on Friday.
$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since retracing back towards the RM 6.80+ main support levels, been able to show some decent buying support over the past few weeks despite the weak market sentiment, and is hovering around the RM 7+ support levels.
For now still sideways here and needs to breakout from its RM 7.20+ major resistance levels before we can expect further upside. Foreign funds still selling quite heavily here for CIMB and we will need to wait for it to subside first before expecting further strength.
Will be monitoring CIMB closely.
$INARI / 0166 (INARI AMERTRON BERHAD) on the other hand also took quite a huge hit and retraced all the way back towards the RM 1.88 levels on the daily chart here with huge selling activities.
For now could be testing its RM 1.85+ major support levels soon and if unable to hold, could go down further towards the RM 1.75+ main support levels on the weekly charts before we can expect a potential rebound.
Will be monitoring INARI closely.
Market sentiment expected to be very volatile as US effectively started a trade war against everyone, including its allies all over the world. Due to uncertain trade policies, the whole market is in major panic mode now.
That said, I don't think we will be in this stage for a prolonged period as no country will be able to survive this, including the USA. This should be a good opportunity for bargain hunting instead but with caution as we still don't know what kind of cards Donald Trump is keeping.
Expecting the coming few weeks and months to be very volatile and a good opportunity to buy good stocks on the cheap here.