Titan Trading Notes For Friday [23/5/2025]:

KLCI closed red back towards the 1527 points region with an overall negative market sentiment as we still saw 660 counters closing red for the day. Daily trading volume maintained around the 2.7 billion mark, which is still low and dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of NATGATE, PEOPLE, INARI, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) since retracing from its RM 1.80+ major resistance levels over the past 2 weeks, been able to form a support around its RM 1.50+ regions today and started to rebound back towards the RM 1.59 regions with good volume.

If able to form a higher low region here, could rebound back towards the RM 1.70+ regions for at least a technical rebound in the coming week here, depending on the market sentiment.

Will be monitoring NATGATE closely as it's likely 1 of the leading tech counters.

$DUFU / 7233 (DUFU TECHNOLOGY CORP. BERHAD) since breaking out towards the RM 1.40+ regions, been retracing over the past 2 weeks here back towards the RM 1.20+ main support levels only to rebound strong back towards the RM 1.27 regions with good volume and buying momentum.

Overall looks like its found its short term higher low region already and if able to sustain, could continue to trend back up towards and beyond its RM 1.40+ regions for a potential uptrend continuation pattern.

Will be monitoring DUFU closely.