Titan Trading Notes for Wednesday [30/4/2025]

Market Overview:

KLCI: 1,515 (-0.4%) 🩸

Decliners: 500+

Volume: 3B total (1B HSI warrants)

🔍 Technical Focus

$KPJ / 5878 (KPJ HEALTHCARE BERHAD) (Healthcare)

Price Action: Broke above RM2.80 resistance with elevated volume.

Key Levels:

Support: RM2.80 (previous resistance)
Resistance: RM2.87 (today’s high) → RM3.00
Notable: Absorbed EPF-related selling pressure.

$DUFU / 7233 (DUFU TECHNOLOGY CORP. BERHAD) (HDD Components)

Price Action: Rebounded from RM0.90 monthly support to RM1.15.

Key Levels:

Support: RM1.08 (weekly close basis)
Resistance: RM1.20 (recent swing high)
Notes: USD weakening against the MYR may impact profit margins.

Key Takeaway:

Overall market sentiment remains sideways and we're still suffering from a liquidity drain here. Funds slowly buying back, but selectively.

Tech side overall showing some rebound signals, but overall still quite uncertain.