Titan Trading Notes For Monday [19/5/2025]:

KLCI retraced slightly back towards the 1571 points region with an overall mixed market sentiment as we still saw over 600 counters closing red for the day along with it. Daily trading volume remains average around the 2.9 billion mark, nothing much going on yet.

Main stocks that showed strong buying momentum would be the likes of NEXG, WESTRVR, MAGMA, TANCO, SCABLE, RTECH, POS, REACHTEN, and MICROLN. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

MAGMA was definitely one of the best performers over the past month here, soaring up from the RM 0.25+ regions all the way towards the RM 0.42 levels on Friday with huge volume and buying momentum.

This came after it announced its partnership with Chagee to launch over 300 outlets in Malaysia. For now looking strong and if able to hold above its RM 0.375+ support, could continue on towards and beyond its RM 0.42+ major resistance levels in the coming week.

Will be monitoring MAGMA closely as something big seems to be brewing here.

$EG / 8907 (EG INDUSTRIES BERHAD) since consolidating over the past few weeks around its RM 1+ major support levels, was able to breakout strong from its RM 1.15+ major resistance levels and rallied towards the RM 1.20+ regions on Friday with good volume and buying momentum.

Overall looking quite strong here and if able to hold above its RM 1.15+ support, could continue on towards and beyond its RM 1.26+ major resistance levels soon in the coming week for an uptrend continuation pattern.

Will be monitoring EG closely.