Titan Trading Notes For Wednesday [14/5/2025]:

KLCI had a huge rebound back towards the 1582 points region with an overall positive market sentiment as we saw the market cheering the US and China tariff temporary pauses as they further negotiate on their terms for 90 days. Daily trading volume also saw an increase back towards the 4.1 billion mark, which is a good sign as foreign funds been buying back.

Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, CIMB, VS, GAMUDA, NATGATE, GENETEC, PBBANK, MAYBANK, SIMEPROP, NOTION, INNATURE, YTL, UEMS, SUNWAY, JCY, DIALOG, WCT, AMBANK, GREATEC, CTOS, TM, CMSB, DNEX, and KPJ. All of which were able to sustain their rallies throughout the day on the top volumes list.

$INARI / 0166 (INARI AMERTRON BERHAD) was definitely the star performer today as it broke out huge all the way towards the RM 2.28+ regions with huge volume and buying momentum. This came after it consolidated over the past few weeks around the RM 1.90 regions.

So far looking quite strong here and as long as able to sustain above its RM 2 immediate support levels, could breakout towards and beyond its RM 2.30+ major resistance levels in the coming weeks for a further rebound.

Will be monitoring INARI closely.

$EG / 8907 (EG INDUSTRIES BERHAD) ince consolidating over the past few months around the RM 0.95+ major support regions, been able to breakout strongly towards the RM 1.13 regions with huge volume and buying momentum today.

Looks like foreign funds have been buying heavily into EG today after selling over the past few months. For now if able to sustain above its RM 1.05+ immediate support, could continue on towards and beyond its RM 1.15+ major resistance levels in the coming weeks.

Will be monitoring EG closely.

As for the steel sector, $MELEWAR / 3778 (MELEWAR INDUSTRIAL GROUP BERHAD) was definitely the one that stood out as it broke out huge all the way towards the RM 0.24 regions with good volume and buying momentum, leading the entire steel sector for the day.

This came after it broke out strong from its RM 0.18+ main downtrend resistance levels from the past week. If able to keep this up, could continue on towards and beyond its RM 0.25 - RM 0.27+ major resistance levels for an uptrend continuation pattern.

Will be monitoring MELEWAR closely