Titan Trading Notes For Tuesday [13/5/2025]:

KLCI had a slight rebound back towards the 1546 points region with an overall mixed market sentiment as we still had over 450 counters closing red for the day. Daily trading volume remains low around the 2.9 billion mark here.

Main stocks that showed strong buying momentum would be the likes of LCTITAN, SIMEPROP, KHB, EDELTEQ, FIBRO, and PHARMA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$EDELTEQ / 0278 (EDELTEQ HOLDINGS BERHAD) on the other hand also able to gap up and rallied all the way towards the RM 0.28 regions with huge volume and buying momentum. So far seems to be facing some selling pressure above the RM 0.27+ regions here, but its closing price of RM 0.265 is still pretty decent.

As long as able to hold above its RM 0.26+ immediate support, could still breakout from its RM 0.285+ major resistance levels and continue to trend back up towards the RM 0.32+ regions in the coming week.

Will be monitoring EDELTEQ closely.

Over on the steel sector, $MELEWAR / 3778 (MELEWAR INDUSTRIAL GROUP BERHAD) been having a sudden and huge spike here since breaking out from its RM 0.185 resistance on Friday, rallied all the way towards the RM 0.21 regions with good volume and buying momentum.

Although unable to close on its intraday high, its closing price of RM 0.195 still a pretty strong signal here. As long as able to keep this up, could be ripe for a total trend reversal and start trending back up towards the RM 0.235+ major resistance levels soon.

Will be monitoring MELEWAR closely.