Titan Trading Notes For Wednesday [21/5/2025]:

KLCI still closed back red around the 1548 points region with an overall mixed market sentiment as we still saw over 450 counters closing red for the day despite seeing some slight rebounds. Daily trading volume remains low around the 2.6 billion mark.

Main stocks that showed strong buying momentum would be the likes of PEOPLE, TANCO, PBBANK, LCTITAN, EWINT, CMSB, and NOTION. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$LCTITAN / 5284 (LOTTE CHEMICAL TITAN HOLDING BERHAD) since consolidating over the past 2 weeks, been holding above its RM 0.56+ support levels quite well on the daily charts and broke out back towards the RM 0.61 regions with good volume and buying momentum today, even closing on its intraday high.

For now, it's looking quite bullish here and if able to maintain above its RM 0.58+ immediate support levels, could continue on towards and beyond its RM 0.635+ major resistance for an uptrend continuation pattern soon.

Will be monitoring LCTITAN closely.

$SENDAI / 5205 (EVERSENDAI CORPORATION BERHAD) since announcing its latest RM 1.3 billion increase to its orderbook, had a huge breakout from its RM 0.535+ major resistance, rallying all the way towards the RM 0.57+ regions with good volume and buying momentum.

Overall it's looking quite strong here and as long as able to hold above its RM 0.535+ support on the daily chart, could continue on towards and beyond its RM 0.58 - RM 0.60+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will be monitoring SENDAI closely.

$EG / 8907 (EG INDUSTRIES BERHAD) although took quite a hit yesterday towards the RM 1.07+ support levels, was able to rebound back towards the RM 1.13 regions with good volume and buying momentum today despite the mixed market sentiment.

Looks like the buyers are still quite strong here and if ablet o hold above its RM 1.10+ immediate support levels, expecting it to breakout back towards and beyond its RM 1.16+ major resistance levels in the coming few days.

Will be monitoring EG closely.