Titan Trading Notes For Tuesday [20/5/2025]:

KLCI retraced slightly back towards the 1556 points region as Moody downgraded the US credit rating. Overall trading sentiment was definitely bearish as we saw over 880 counters closing red along with it for the day. Daily trading volume settled around the 3.7 billion mark, mainly dominated by sellers.

Only $EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD) was able to perform well on the top volumes list today despite the weak market sentiment. EWINT despite retracing slightly back towards the RM 0.345 regions, was able to rebound and close back green towards the RM 0.365 regions.

So far looking very bullish here and as long as able to hold above its RM 0.35+ immediate support levels, could continue on towards and beyond its RM 0.37+ regions for an uptrend continuation pattern in the coming week.

Will be monitoring EWINT closely for potential trading opportunities here as something big seems to be brewing.

$EG / 8907 (EG INDUSTRIES BERHAD) although retraced back towards the RM 1.07+ major support levels today, was able to rebound back towards the RM 1.11 regions with good volume here, absorbing most of the selling pressure likely from foreign funds.

If able to maintain above its RM 1.10+ immediate support, likely to continue rebounding back towards and beyond its RM 1.15+ major resistance levels soon in the coming few days as the sentiment recovers.

Will be monitoring EG closely

Although Moody's downgraded US credit rating from the highest to the 2nd highest, the market seems to have digested most of these bad news already. Plus these were likely attributed to the huge trade deficit that the US is facing and currently addressing now.

Will continue to be cautiously optimistic moving forward. To me, I believe we've already seen the dip.