Titan Trading Notes For Thursday [24/4/2025]:
KLCI had a decent rebound back towards the 1501 points region with an overall positive market sentiment today. Daily trading volume settled around the 2.9 billion mark, which is still just average for now.
Main stocks that showed strong buying momentum would be the likes of RTECH, PERTAMA, NATGATE, CIMB, INARI, CLITE, GAMUDA, AXIATA, VS, JCY, KOPI, YTL, DIALOG, and KPJ. All of which were able to sustain their rallies throughout the day on the top volumes list.
RTECH was definitely the star performer for the day as it surged all the way towards the RM 0.27+ regions with huge volume and buying momentum after consolidating and retracing over the past 2 months.
Seems to have formed its dip region around the RM 0.15+ major support levels already. For now if able to sustain above its RM 0.25+ support levels, could continue on towards the RM 0.30+ regions in the coming week.
Will be monitoring RTECH closely here as something could be brewing behind the scenes.
$INARI / 0166 (INARI AMERTRON BERHAD) on the other hand seems to be showing signs of a bottom already as it rebounded well back towards the RM 1.82 regions with good volume and buying momentum today.
This came after its earlier retracement back towards the RM 1.42+ major support levels over the past few weeks. For now as long as able to hold above its RM 1.68+ support on the daily chart, could continue on towards the RM 2+ major resistance levels soon in the coming weeks.
Will be monitoring INARI closely.
$MNHLDG / 0245 (MN HOLDINGS BERHAD) sine retracing back towards the RM 0.83+ major support levels, been recovering very well over the past few weeks, even breaking out towards the RM 1.14+ regions today with good volume and buying momentum,
So far looks quite ripe for a new uptrend here already and if able to sustain above its RM 1.08+ support, could continue to trend back up towards the RM 1.20+ major resistance levels in the coming weeks.
Will be monitoring MNHLDG closely