Titan Trading Notes For Friday [16/5/2025]:

KLCI retraced back towards the 1573 points region today with an overall mixed market sentiment as we saw over 620 counters closing red for the day. Daily trading volume also settled around the 3.7 billion mark, which is just average here.

Main stocks that showed strong buying momentum would be the likes of REACHTEN, CMSB, IWCITY, CLITE, MAGMA, DIALOG, AEMULUS, HAWK, and GREATEC. All of which were able to sustain their rallies throughout the day despite the mixed market sentiment.

REACHTEN was definitely one of the star performers today as it broke out from its RM 0.575 all time high levels and rallied all the way towards the RM 0.60 regions with huge volume and buying momentum, forming a new all time high here.

So far looking quite strong and as long as able to hold above its RM 0.57+ support, could continue on towards and beyond its RM 0.60+ levels for a bullish continuation pattern in the coming weeks.

Will be monitoring REACHTEN closely.

$MELEWAR / 3778 (MELEWAR INDUSTRIAL GROUP BERHAD) since its earlier breakout towards the RM 0.24 regions, been able to hold around here over the past few trading days here despite the shaky market sentiment with relatively low selling pressure on the daily chart.

So far looking quite strong here and as long as able to hold above its RM 0.23+ support, could continue on towards and beyond its RM 0.26+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will be monitoring MELEWAR closely.