Titan Trading Notes For Tuesday [15/4/2025]:
KLCI had a decent rebound back towards the 1480 points region with an overall positive market sentiment as the market started with a gap up earlier during the opening. Daily trading volume settled around the 2.9 billion mark, which is still decent here.
Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, EKOVEST, NATGATE, TANCO, IWCITY, ELRIDGE, NEXG, CIMB, PBBANK, YTL, UEMS, GAMUDA, JCY, MRDIY, WCT, and GREATEC. All of which were able to sustain their rallies throughout the day on the top volumes list.
$INARI / 0166 (INARI AMERTRON BERHAD) since retracing all the way back towards the RM 1.42+ major support levels, was able to rebound strongly back towards the RM 1.80+ regions with good volume and buying momentum today after it gapped up in the morning.
So far holding quite well above its RM 1.70+ immediate support, could bounce back further towards the RM 2+ major resistance levels soon in the coming week here. Note that it's still down trending here unless able to breakout from its RM 2.20+ main downtrend resistance.
Will be monitoring INARI closely.
$EKOVEST / 8877 (EKOVEST BERHAD) n the other hand also had a huge breakout from its RM 0.285+ main downtrend resistance and rallied all the way towards the RM 0.33+ regions with good volume and buying momentum.
This came after a 3-4 month long retracement from its RM 0.37+ regions all the way back towards the RM 0.245+ major support levels. For now as long as able to hold above its MR 0.30+ support, could bounce back towards the RM 0.35 - RM 0.37+ resistance levels soon in the coming weeks.
Will be monitoring EKOVEST closely.