Titan Trading Notes For Monday [21/4/2025]:
KLCI had a decent rebound back towards the 1499 points region with an overall positive market sentiment as the overall market sentiment started to recover quite well. However, daily trading volume still settled very low around the 1.6 billion mark, which is a bad sign.
Main stocks that showed strong buying momentum would be the likes of NATGATE, DIALOG, MRDIY, KOPI, INARI, PLABS, AMBANK, SENDAI, YTL, GAMUDA, and MNHLDG. All of which were able to sustain their rallies throughout the day on the top volumes list.
$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) since retracing back towards the RM 1.13+ support levels, been able to hold well and bounced back towards the RM 1.21 regions with good volume and buying momentum on Friday here.
So far seems to have showed signs of a bottom already and if able to sustain, could breakout from its RM 1.25+ immediate downtrend resistance levels soon for a potential stronger rebound.
Will be monitoring NATGATE closely.
$SENDAI / 5205 (EVERSENDAI CORPORATION BERHAD) on the other hand was able to stage a huge breakout towards the RM 0.47+ regions with huge volume and buying momentum out of nowhere on Friday, suggesting that something could be brewing here.
If able to sustain above its RM 0.47+ immediate support levels, could have a new uptrend back towards the RM 0.58 - RM 0.60+ major resistance levels in the coming weeks here.
Will be monitoring SENDAI closely.