Titan Trading Notes For Friday [2/5/2025]:

KLCI had a good rebound back towards the 1540 points region with an overall market sentiment as the market rebounded as a whole. Daily trading volume however remains low as we closed around the 2.5 billion mark with HSI warrant still taking up over 300-400 million in trading volume.

Main stocks that showed strong buying momentum would be the likes of NATGATE, RTECH, SUMI, CIMB, GAMUDA, SALUTE, MSB, KPJ, ARMADA, YTL, YONGTAI, and AMBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) since its earlier breakout from its RM 1.25+ major resistance levels, been able to sustain the rally and rallied towards the RM 1.36+ regions on Wednesday with good volume and buying momentum.

Seems to have formed its dip region already and if able to sustain above its RM 1.30+ immediate support, could continue to trend back up towards the RM 1.50+ major resistance levels in the coming weeks here.

Will be monitoring NATGATE closely for potential trading opportunities.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since breaking out from its RM 4.10+ main downtrend resistance earlier this week, been able to hold well and broke out strong towards the RM 4.24 regions with huge volume and buying momentum on Wednesday

For now, it's looking quite bullish here and as long as able to sustain above its RM 4.15+ support, could continue on towards and beyond its RM 4.35+ major resistance levels in the coming week here for an uptrend continuation pattern.

Will be monitoring GAMUDA closely

Overall market sentiment seems to be recovering quite well here as US market and HK have also been recovering on their end. We see foreign funds start coming back into Bursa.

However, retail participation is still low, which is why we have to focus primarily on more liquid and fund driven stocks to increase our chances of winning.

We will be cautiously optimistic for now until US and China finally starts talking and reach a deal. I expect negotiations to start happening within this 1-2 weeks. Otherwise, shelves WILL be empty on US supermarkets.