Kuala Lumpur Composite Index
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1,540.19
▴ 0.65 (0.04)
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$BRPT$IHSG$KLCI
Analisis Saham BRPT untuk Daya Tarik Investor Asing (Mei 2025)
1. Faktor Penentu Keputusan MSCI (14 Mei 2025)
Posisi Kritis: BRPT berisiko eksklusi MSCI jika harga turun di bawah Rp780, tetapi potensi bertahan masih ada jika rebound terjadi sebelum pengumuman.
Valuasi Menarik: Harga wajar estimasi Rp1.329,56 (berdasarkan PER/PBV) vs harga terkini ~Rp800 menunjukkan undervalued signifikan.
Katalis Jangka Pendek: Sentimen positif dari pengumuman MSCI bisa memicu pembelian asing skala besar jika BRPT bertahan di indeks.
2. Upaya Peningkatan Kepercayaan Asing
Stabilitas Leverage: DER tinggi (2,54) perlu diatasi via rights issue atau optimalisasi portofolio untuk mengurangi risiko.
Transparansi Proyek: Percepat realisasi akuisisi Shell dan ekspansi BREN sebagai bukti eksekusi manajemen.
Kolaborasi Strategis: Kemitraan dengan pemain global di sektor energi terbarukan (BREN) untuk meningkatkan kredibilitas.
3. Teknikal & Momentum
Level Krusial: Support kuat di Rp780 dan resisten di Rp830. Breakout di atas Rp830 dengan volume tinggi bisa picu rally jangka pendek.
Indikator Campuran: RSI ~41 (netral) dan MACD di bawah sinyal, tetapi Bollinger Bands menunjukkan potensi rebound dari zona jenuh jual.
Target Harga: JP Morgan memproyeksikan Rp870 (Desember 2025), memberi ruang kenaikan ~8,75% dari level terkini.
4. Strategi Komunikasi Investor
Roadshow Global: Highlight pertumbuhan BREN (indeks FTSE) dan diversifikasi ke industri petrokimia/energi terbarukan.
Penyesuaian Rasio: Publikasikan rencana pengurangan utang dan peningkatan likuiditas untuk menenangkan pasar.
Laporan Real-Time: Update berkala soal progres akuisisi Star Energy dan pembangkit listrik untuk menjaga sentimen.
Proyeksi Mei 2025
Jika BRPT bertahan di MSCI dan harga konsolidasi di atas Rp800:
Inflow Asing: Pembelian institusi (Dimensional/BlackRock) bisa meningkat sebagai respons positif.
Teknikal Rebound: Momentum dari pengumuman MSCI berpotensi dorong harga ke Rp870–Rp900.
Risiko: Pelemahan harga di bawah Rp780 berisiko picu sell-off besar-besaran, terutama jika eksklusi MSCI terjadi.
Rekomendasi: BRPT perlu fokus pada komunikasi proaktif terkait MSCI, akselerasi proyek strategis, dan stabilisasi leverage untuk memaksimalkan peluang Mei 2025.
Disclaimer On🧞 bukan ajakan jual beli saham.🎺
$IHSG$KLCI$STI liat ajh saham saham bursa dunia lagi koreksi, banyak yg menghujat pemerintah, tapi kenyataan ini karena perang dagang,geopolitik dan kebijakan luar yg merugikan negara kita, kita seharus nya suport pemerintah untuk memajukan negara ini,
berdoa yang baik baik buat negara ini, bukan menghina,membuat kegaduhan di negara ini.
ahli ekonomi Indonesia bekerja keras untuk bersaing di global,presiden mencoba memberikan yang terbaik buat negara ini.Garis lurus saja dari 2010 gimana pergerakan saham Indonesia, naik turun.
$IHSG $KLCI tau kan kenapa negara kita jalan di tempat. Budaya pemalas mmg maunya pejabat dan pns kita.
Titan Trading Notes For Friday [24/1/2025]:
$KLCI retraced back towards the 1577 points region with an overall negative market sentiment as we saw over 670 counters closing red for the day today. Daily trading volume settled around the 3.2 billion mark, but unfortunately was dominated by sellers today.
Main stocks that showed strong buying momentum today would be the likes of KOPI, CBHB, YTLPOWR, and SRIDGE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$KOPI / 0338 (ORIENTAL KOPI HOLDINGS BERHAD) was definitely the star performer for the day as it rallied all the way towards the RM 0.985 regions with huge volume and buying momentum today despite the weak market sentiment.
Although it faced some selling pressure around the RM 0.98+ regions which saw it retrace back towards the RM 0.875 regions during closing, overall still looking quite bullish here with RM 0.85+ as the support.
Will be monitoring KOPI closely here.
$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since retracing back towards the RM 3.65+ main support levels, been able to recover quite well over the past week here despite the shaky market sentiment with good volume and buying momentum.
It even announced that it will be having bonus issue warrants for every 5 shares held. This could serve as a catalyst for the stock to trend back up further as long as able to hold above its RM 3.80_+ main support levels on the daily chart now.
Will be monitoring YTLPOWR closely here.
The overall market sentiment remains choppy here and I expect it to be like that in the coming few weeks as well until we see more positive news to stir up the market. Until then, do trade with caution first and try not to make any overly aggressive trades.
Titan Trading Notes For Thursday [23/1/2025]:
$KLCI closed green around the 1587 points region with an overall mixed market sentiment as we saw over 500 counters closing red for the day as the market starts to slow down from its rebound earlier this week. Overall daily trading volume declined back towards the 2.96 billion mark.
Main stocks that showed strong buying momentum would be the likes of MAHSING, YTL, YTLPOWR, SUNWAY, GENM, and CIMB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$MAHSING / 8583 (MAH SING GROUP BERHAD) since retracing all the way back towards the RM 1.30+ main support levels from the day before, was able to resume its rebound today and broke out towards the RM 1.57 regions with good volume and buying momentum.
So far still facing strong selling pressure from its EMA 200 resistance of RM 1.58 here on the daily chart as it closed back towards the RM 1.53 regions. That said, as long as able to sustain above its RM 1.50 support, could still rebound further here.
Have to monitor MAHSING closely as it was quite oversold over the past week.
$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) was definitely one of the best performers today as it was able to breakout strong from its RM 1.05 all time high and rallied towards the RM 1.08 regions with good volume and buying momentum despite the mixed market sentiment.
Although unable to close on its intraday high, its closing price of RM 1.04 was still a pretty good one. As long as able to hold above its RM 1+ immediate support, could continue on towards and beyond its RM 1.08 new all time high zones soon.
Will be monitoring CLOUDPT closely.
Titan Trading Notes For Wednesday [18/12/2024]:
$KLCI closed red today around the 1597 points region with an overall negative market sentiment as we saw over 700 counters closing red for the day along with it. Daily trading volume almost hit 3 billion but was mostly dominated by selling activities.
Main stocks that showed strong buying momentum would be the likes of PESTECH, ARMADA, ASTRO, MAYBANK, OMESTI, MEGAFB, HEXIND, and CABNET. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$CABNET / 0191 (CABNET HOLDINGS BERHAD) since retracing all the way back towards the RM 0.27+ major support levels earlier last month, been recovering up quite well and was even breakout back towards the RM 0.44+ regions today with good volume and buying momentum.
Seems to have bottomed out already here. As long as able to hold above its RM 0.38+ support levels on the daily chart, could continue to trend back up towards the RM 0.50+ major resistance levels soon in the coming weeks.
Will be monitoring CABNET closely here as seems to be coming back strongly.
$ARMADA / 5210 (BUMI ARMADA BERHAD) since consolidating over the pat 2 weeks her around the RM 0.62+ support levels on the daily chart, been able to form a strong higher low base region and broke out all the way towards the RM 0.665 regions today with good volume and buying momentum.
This is quite a bullish signal here considering how it's able to perform despite the weak market sentiment. Definitely on a strong uptrend wave here. As long as able to hold above its RM 0.64+ support, could trend back up towards the RM 0.70+ major resistance levels soon.
Will be monitoring ARMADA closely
Overall market seems to be pulling back here, but i believe the tech sector could be the next big thing here as it's been on a long downtrend over the past few years already. The recent huge rebound could be the first sign of an incoming larger recovery wave.
Will definitely be monitoring the tech sector here. Of course, we won't be expecting it to be a smooth ride, so still have to trade cautiously and prepare for a choppy move up.
Titan Trading Notes For Thursday [12/12/2024]:
$KLCI closed slightly red around the 1603 points region with an overall negative market sentiment today as we still saw over 650 counters closing red for the day along with it. Daily trading volume declined as we closed back towards the 2.58 billion mark today.
Main stocks that showed strong buying momentum would be the likes of DNEX, PBBANK, SNS, YNHPROP, MBSB, ELSOFT, ARMADA, CATPIALA, NATGATE, LWSABAH, GENETEC, and AZAMJAYA. All of which were able to sustain their rallies throughout the day despite the weak market sentiment.
$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) since announcing its partnership with GAMUDA to distribute Google cloud solutions, was able to gap up and rally all the way towards the RM 0.415 regions with huge volume and buying momentum.
Although still facing some selling pressure above its RM 0.40 regions, today's closing at RM 0.40 was still a pretty good start for DNEX here. If able to keep this up, could start a brand new uptrend and move back towards the RM 0.42 - RM 0.45+ regions soon.
Will be monitoring DNEX closely here.
$IFCAMSC / 0023 (IFCA MSC BERHAD) today was able to breakout back towards the RM 0.69 regions with good volume and buying momentum here despite the weak market sentiment on the daily chart.
Although unable to close on its intraday high, its closing price of RM 0.685 was still a pretty good sign here. As long as able to sustain above its RM 0.65 support, could trend back up towards the RM 0.70 - RM 0.75+ regions soon for an uptrend continuation pattern.
Will be monitoring IFCAMSC closely here.
Titan Trading Notes For Wednesday [11/12/2024]:
$KLCI closed slightly red back towards the 1608 points region today with an overall mixed market sentiment as we saw over 510 counters closing red along with it for the day. Daily trading volume settled low around the 2.7 billion mark.
Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, JCY, YNHPROP, GENETEC, MICROLN, JHM, PCHEM, GTRONIC, HARTA, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since breaking out from its RM 1.15+ major resistance levels earlier last week, had been able to sustain its buying momentum and rallied all the way towards the RM 1.40 regions today despite being overbought here on the daily chart.
Although still facing some selling pressure around the RM 1.40 regions, as long as able to sustain above its RM 1.30 immediate support, could continue on this parabolic rally soon.
Will be monitoring TOPGLOV closely here as something big seems to be brewing here.
$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand also was able to perform well today, breaking out all the way towards the RM 1.10 regions with good volume and buying momentum despite the mixed market sentiment.
For now looks like on a parabolic rally here and despite being overbought, still not showing any signs of weakness yet. If able to sustain above its RM 1.03+ immediate support, could continue on towards the RM 1.15+ regions soon for an uptrend continuation pattern.
Will be monitoring SUPERMX closely here.
$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breakout from its RM 0.48 main downtrend resistance levels over the past week, had been able to sustain the buying momentum and even broke out towards the RM 0.575 regions here with good volume and buying momentum despite being overbought.
So far looking quite strong here and could be on a brand new uptrend. As long as able to sustain above its RM 0.54+ immediate support on the daily chart, could continue on towards and beyond its RM 0.60+ major resistance levels soon.
Will be monitoring CORAZA closely here.
$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand since retracing back towards its RM 1.30+ support levels, was able to hold strong and rebound back towards its RM 1.39 regions today with good volume, even closing on its intraday high here.
So far looking quite bullish and as long as able to sustain above its RM 1.33+ immediate support levels on the hourly charts, could continue on towards testing its RM 1.45+ major resistance levels soon.
Monitoring NOTION closely.
Titan Trading Notes for Tuesday [10/12/2024]
$KLCI retraced back towards the 1611 points region with an overall negative market sentiment as we saw over 660 counters closing red for the day. Daily trading volume settled slightly over the 3 billion mark, which is still ok for current conditions.
Main stocks that showed strong buying momentum would be the likes of MYEG, DSONIC, GFM, DIALOG, CORAZA, and JTIASA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out towards the RM 1.15 major resistance levels during June, had been retracing and consolidating over the past 5-6 months without much volume and action here on the daily chart.
Today, it was able to breakout strong from its RM 0.925+ main downtrend resistance on the daily chart with huge volume and buying momentum, rallying all the way towards the RM 0.95+ regions here despite the weak market.
So far looking quite strong here and will be monitoring MYEG closely as could be the start of a new uptrend.
$JTIASA / 4383 (JAYA TIASA HOLDINGS BHD) on the other hand although retraced back towards the RM 1.40 support levels, was able to rebound and breakout strong all the way towards the RM 1.50 regions with huge volume and buying momentum despite being massively overbought here.
For now definitely looking parabolic and as long as able to sustain above its RM 1.40+ immediate support on the daily chart, could be testing its RM 1.53+ major resistance levels very soon here.
Will be monitoring JTIASA closely as something big seems to be brewing here.
$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breaking out from its RM 0.48+ major downtrend resistance, had been able to hold well and even broke out all the way towards the RM 0.56 regions with huge volume and buying momentum today.
Looking very bullish here on the daily chart despite being slightly overbought. As long as able to hold above its RM 0.52+ immediate support, could trend back up towards the RM 0.585 - RM 0.60+ major resistance levels soon for an uptrend continuation pattern.
Will be monitoring CORAZA closely as seems to be starting a new uptrend wave.
Titan Trading Notes For Friday [6/12/2024]:
$KLCI had a slight rebound back towards the 1615 points region with an overall market sentiment as we still saw over 530 counters closing red for the day. Daily trading volume on the other hand was still able to hold around the 3.2 billion mark, which is pretty good.
Main stocks that showed strong buying momentum would be the likes of SUPERMX, ARMADA, JCY, YNHPROP, HAWK, 99SMART, RGB, KPJ, NATGATE, DIALOG, WCT, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list.
Main star for the day would definitely be $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) as it manged to gap up and rally all the way towards the RM 1 major resistance levels with huge volume and buying momentum here out of nowhere.
This came after a few month-long of consolidation between the RM 0.80 - RM 0.90 regions without much volume and action while the other glove stocks had been slowly climbing upwards. For now looking quite ripe here and if able to sustain above its RM 0.935+ support, could start a brand new uptrend soon.
Will be monitoring SUPERMX closely here as seems to be a star in the making.
$YNHPROP / 3158 (YNH PROPERTY BERHAD) although retraced all the way back towards the RM 0.63+ main support levels from the day before, was able to rebound strongly back towards the RM 0.71+ regions with huge volume and buying momentum today.
So far looking very strong here and as long as able to hold above its RM 0.65+ immediate support on the hourly charts, could continue to trend back up towards the RM 0.79 major resistance levels soon.
Will be monitoring YNHPROP closely here as had been going up parabolically.
$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) although retraced back towards the RM 1.31+ support levels earlier this week, was able to recover quite well and even tested its RM 1.40 major resistance levels with good volume and buying momentum today.
So far still consolidating within a symmetrical triangle pattern here but as it trades towards the end of this pattern, could breakout from its RM 1.42 major resistance levels to test its RM 1.46 all time high regions soon in the coming weeks.
Monitoring JPG closely here as might have a move soon if able to sustain.
Titan Trading Notes For Thursday [5/12/2024]:
$KLCI had a decent rebound back towards the 1614 points region with an overall positive market sentiment today as most stocks started to rebound with huge volume. Daily trading volume was also able to surge back towards the 3.6 billion mark, which is a pretty good sign here.
Main stocks that showed strong buying momentum would be the likes of TOPGLOV, RL, ARMADA, CEB, SIMEPROP, YTL, 99SMART, YTLPOWR, KOSSAN, NATGATE, ECOWLD, JFTECH, PWRWELL, DIALOG, and SUPERMX. All of which were able to sustain their rallies throughout the day on the top volumes list.
$RL / 0219 (RESERVOIR LINK ENERGY BHD) was definitely one of the star performers today as it was able to breakout from its RM 0.37 major resistance, rallying all the way towards the RM 0.40 major resistance levels with huge volume and buying momentum here.
Although it was still met with some selling pressure, its closing price of RM 0.365 was still a pretty good sign here. For now as long as able to hold above its RM 0.35 - RM 0.36 immediate support, could still continue to trend back up towards the RM 0.4+ regions soon.
Will be monitoring RL closely here as something big seems to be brewing here.
$JFTECH / 0146 (JF TECHNOLOGY BERHAD) on the other hand was also one of the star performers as it managed to surge up parabolically, rallying all the way from the RM 0.56 levels towards the RM 0.71 regions with huge volume and buying momentum.
This came after its year long retracement from the RM 0.90+ regions all the way towards the RM 0.50 major support levels just earlier this week. For now looking quite strong here but could be facing its RM 0.75 major resistance levels soon.
Will be monitoring JFTECH closely here as seems to be awaken already after so long.
$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out from its RM 3.65 major resistance levels yesterday, was able to sustain the buying momentum and broke out towards the RM 3.78 regions today with good volume and buying momentum.
So far still looking quite bullish here and as long as able to sustain above its RM 3.60+ immediate support on the daily chart, could continue on towards and beyond the RM 4+ major resistance levels soon for a further uptrend continuation pattern.
Will be monitoring YTLPOWR here.
Titan Trading Notes For Wednesday [4/12/2024]:
$KLCI had a decent rebound back towards the 1606 points region with an overall positive market sentiment as our market sentiment starts to recover pretty well. Daily trading volume also was able to close back towards the 3.3 billion mark, which is a good sign too.
Main stocks that showed strong buying momentum would be the likes of JCY, GENETEC, MYEG, YTLPOWR, SIMEPROP, YTL, NOTION, CEB, YNHPROP, SNS, GTRONIC, CORAZA, JPG, ECA, SPSETIA, WCT, SUNWAY, ECOWLD, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.
$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out from its RM 3.30+ main downtrend resistance over the past week, had been able to stay well above its support level and today, was able to breakout strong all the way towards the RM 3.70+ regions with huge volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 3.60+ immediate support level, could continue on towards and beyond its RM 3.80 - RM 4 major resistance levels soon for a further rally soon.
Will be monitoring YTLPOWR closely here as seems ripe for a major trend reversal
$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand was definitely one of the star performers today as it was able to breakout strong from its RM 1.30+ major resistance levels, rallying all the way towards the RM 1.44 regions with huge volume and buying momentum.
For now, it's looking very strong although unable to close on its intraday high. As long as able to sustain above its RM 1.32+ immediate support levels, could continue on towards and beyond its RM 1.50+ major resistance levels soon.
Will be monitoring NOTION closely here as the data center themed stocks seem to be coming back with NOTION taking the lead.
$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) although retraced slightly back towards the RM 0.48 regions this morning, was able to breakout strong all the way towards the RM 0.54 regions with huge volume and buying momentum today.
So far looking very bullish here and as long as able to sustain above its RM 0.50+ immediate support, could continue on this uptrend wave all the way back towards the RM 0.565 - RM 0.58+ regions soon.
Will be monitoring CORAZA closely
Titan Trading Notes For Tuesday [3/12/2024]
$KLCI had a slight rebound back towards the 1595 points region with an overall mixed market sentiment as we still saw almost 550 counters closing red for the day. Daily trading volume dipped back towards the 2.8 billion mark, which is just average for now.
Main stocks that showed a strong buying momentum would be the likes of SALUTE, SIMEPROP, MYEG, YNHPROP, NATGATE, MICROLN, 99SMART, GENETEC, MKHOP, PMETAL, JTIASA, and KAB. All of which were able to sustain their rallies throughout the day despite the mixed market sentiment.
$SALUTE / 0183 (SALUTICA BERHAD) since breaking out from its RM 0.50+ major resistance levels last week, had a huge breakout all the way today towards the RM 0.71+ major resistance levels with huge volume and buying momentum today.
So far looking very strong here and seems like something big could be brewing here. For now as long as able to sustain above its RM 0.675 immediate support, could continue on towards and beyond its RM 0.75 - RM 0.77+ major resistance levels soon.
Will be monitoring SALUTE closely here.
$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD) ince breaking out towards the RM 2.50+ all time high levels, had been retracing and consolidating over the past 2 months here with RM 2.30+ as the main support levels.
Today, it was able to breakout strong from its RM 2.42+ immediate downtrend resistance with good volume and buying momentum, even closing on its intraday high of RM 2.44. For now as long as able to hold, could trend back up towards the RM 2.50+ regions soon.
Will be monitoring 99SMART closely here to see how far it can go.
$NE / 0325 (NORTHEAST GROUP BERHAD) ince retracing all the way back towards the RM 0.61+ major support levels over the past 2 weeks, was able to form a solid base and broke out from its RM 0.66+ immediate downtrend resistance with good volume and buying momentum today.
For now looking quite strong here and as long as able to sustain above its RM 0.64+ immediate support, could trend back up towards the RM 0.685 - RM 0.70+ major resistance levels for an uptrend continuation pattern.
Will be monitoring NE closely here.
Titan Trading Notes For Monday [2/12/2024]:
$KLCI retraced back towards the 1594 points region with an overall mixed market sentiment on Friday as we still saw over 500 counters closing red for the day along with it. Daily trading volume however was able to jump back towards the 3.4 billion mark, which is a positive sight.
Main stocks that showed strong buying momentum would be the likes of HEXIND, GENETEC, PRTASCO, GENM, HAWK, JPG, JTIASA, and RL. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$HEXIND / 0161 (HEXTAR INDUSTRIES BERHAD) after announcing its partnership to bring Luckin Coffee to Malaysia, was able to breakout from its RM 0.48+ main downtrend resistance on the daily chart, rallied all the way towards the RM 0.52 regions with huge volume and buying momentum.
For now looks pretty ripe for a new uptrend in the making. As long as able to hold above its RM 0.48+ immediate support on the daily chart, could continue to trend up towards and beyond the RM 0.55+ regions soon in the coming weeks.
Will be monitoring HEXIND closely here as there may be a huge fundamental change to the company after bringing Luckin Coffee into Malaysia.
$PRTASCO / 5070 (PROTASCO BERHAD) after announcing strong earnings of over RM 18 million from its latest QR, had a huge gap up and rallied all the way towards the RM 0.32+ regions with huge volume and buying momentum on Friday.
for now still looking strong here and as long as able to sustain above its RM 0.28+ main support levels on the daily chart, could continue on towards and beyond the RM 0.35 - RM 0.36+ regions soon.
Will be monitoring PRTASCO closely here as seems to be going up strongly,
$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since breaking out towards the RM 1.46 all time high levels, had been retracing and consolidating over the past few weeks here and was finally able to breakout from its RM 1.35 immediate downtrend resistance.
So far looking quite strong here, potentially due to FCPO prices coming back up. For now as long as able to hold above its RM 1.35 immediate support, could breakout back towards the RM 1.40 - RM 1.45+ major resistance levels soon for a further rally.
Will be monitoring JPG closely here.
Titan Trading Notes For Friday [29/11/2024]:
$KLCI closed red around the 1597 points region with an overall negative market sentiment today as we saw over 600 counters closing red for the day. Daily trading volume remains average around the 2.7 billion mark, which is nothing to shout about yet.
Main stocks that showed strong buying momentum would be the likes of GENETEC, JCY, YNHPROP, YTL, SCGBHD, JTIASA, MINOX, YTLPOWR, CEB, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$JCY / 5161 (JCY INTERNATIONAL BERHAD) since announcing a solid net profit of over RM 16 million in its latest quarter over the past 2 days, had been able to maintain strong buying momentum and volume here, even breaking out from its RM 0.42+ main downtrend resistance today.
It's looking quite strong here after over 6 months of constant selling activities since hitting the RM 0.93 local high levels. As long as able to hold above its RM 0.40 - RM 0.42 immediate support, could be the start of a major trend reversal soon ,potentially trending back up towards the RM 0.50+ regions here.
Will be monitoring JCY closely.
$YNHPROP / 3158 (YNH PROPERTY BERHAD) since breaking out from its RM 0.50+ major resistance levels, had been trending up over the past 2 weeks here, breaking out towards the RM 0.70 major resistance levels with good volume today.
So far not showing any signs of weakness yet and as long as able to sustain above its RM 0.64+ immediate support, could continue to trend up towards and beyond the RM 0.70+ major resistance levels for a bullish continuation pattern.
Will be monitoring YNHPROP closely as something big might be brewing here.
$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since breaking out from its RM 1.16+ immediate downtrend resistance last week, had been able to sustain and broke out all the way towards the RM 1.29 regions with huge volume and buying momentum today.
So far looking very bullish here and as long as able to sustain above its RM 1.23+ immediate support, could continue to trend up towards the RM 1.30+ regions soon in the coming weeks here for an uptrend continuation pattern.
Will be monitoring HUPSENG closely.
Titan Trading Notes For Wednesday [27/11/2024]:
$KLCI had a slight rebound back towards the 1603 points region with an overall mixed market sentiment as we saw over 580 counters closing red for the day. Daily trading volume dropped back towards the 2.5 billion mark, which isn't really a good sight.
Main stocks that showed strong buying momentum would be the likes of 3REN, IHH, YTL, KPJ, PHARMA, TOPGOLV, YTLPOWR, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$3REN / 0328 (3REN BERHAD) broke out with pretty huge volume, rallying towards the RM 0.42+ regions today despite the mixed market sentiment with very strong buying momentum. This came after it retraced over the past few weeks from its RM 0.49 all time high levels.
For now although unable to close on its intraday high, as long as able to sustain above its RM 0.39+ immediate support, could continue to trend up towards the RM 0.43 - RM 0.45+ major resistance levels soon.
Will be monitoring 3REN closely here as seems to be trending up strong.
$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing back towards the RM 2.83+ major support levels, was able to hold well and rebounded strongly since then, even breaking out from its RM 3.20+ regions today with huge volume.
For now still facing strong selling pressure around its RM 3.25 main downtrend resistance. However, with YTLPOWR releasing earnings of a 40% drop QOQ, not sure how will the market react in the coming few days.
Will have to monitor YTLPOWR closely here as it's facing its crucial downtrend resistance levels here.
$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since retracing all the way back towards the RM 0.34+ major support levels over the past 2 weeks, had been able to recover quite well and broke out from its RM 0.39 all time high levels, closing on its new all time high at RM 0.395 with good volume and buying momentum.
So far looking very strong here and as long as able to sustain above its RM 0.375+ immediate support levels, could continue on towards the RM 0.40++ regions for a bullish continuation pattern.
Titan Trading Notes For Tuesday [26/11/2024]:
$KLCI had a slight rebound back towards the 1597 points region with an overall positive market sentiment today as our overall market started to rebound well. Daily trading volume settled around the 3 billion mark, which is a slight improvement from last week.
Main stocks that showed strong buying momentum would be the likes of CIMB, PBBANK, YTL, GENETEC, YNHPROP, ARMADA, YTLPOWR, AMBANK, TANCO, 3REN, METRO, INARI, SIMEPROP, HAWK, and SFPTECH. All of which were able to sustain their rallies throughout the day on the top volumes list.
$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) after consolidating over the past 2 weeks with RM 0.80+ as the main support levels, was able to breakout strong towards the RM 0.87+ regions with huge volume and buying momentum today.
For now looking quite strong here and as long as able to sustain above its RM 0.85+ immediate support levels, could breakout from its RM 0.92+ major resistance levels to trend up further soon.
Will be monitoring GENETEC closely here as seems to be rebounding quite strongly here.
$YNHPROP / 3158 (YNH PROPERTY BERHAD) on the other hand since breaking out from its RM 0.52+ major resistance levels last week, was able to sustain and rallied all the way towards the RM 0.63+ regions with huge volume and buying momentum today.
For now looking very bullish here and as long as able to sustain above its RM 0.59+ immediate support levels, could trend back towards the RM 0.65 - RM 0.70+ major resistance levels soon.
Will be monitoring YNHPROP closely here as something big could be brewing behind the scenes. The volume doesn't look normal.
$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since announcing its good QR results last week, had been slowly inching upwards and was able to close on its intraday high of RM 0.38 today with good volume and buying momentum.
Seems to be breaking out from its cup and handle pattern here on the daily chart. As long as able to keep this up, could breakout from its RM 0.39 all time high levels and start trending upward strongly soon.
Will be monitoring PLYTEC closely here
Titan Trading Notes For Monday [25/11/2024]:
$KLCI had a slight rebound back towards the 1589 points region with an overall mixed market sentiment as we still saw over 550 counters closing red for the day on Friday. Daily trading volume settled around the 2.5 billion mark, which is still quite low.
Main stocks that showed strong buying momentum would be the likes of GTRONIC, 99SMART, PCHEM, YEWLEE, TENAGA, and RL. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$GTRONIC / 7022 (GLOBETRONICS TECHNOLOGY BERHAD) definitely stood out during last Friday as it was able to breakout all the way towards the RM 0.57 regions with huge volume and buying momentum here despite the mixed market sentiment.
This came after it retraced over the past few months here all the way back towards the RM 0.50+ major support level. For now still facing selling pressure around its RM 0.57 main downtrend resistance level here. If able to breakout from this region, then it could be quite promising for GTRONIC.
Will be monitoring GTRONIC closely here.
$PCHEM / 5183 (PETRONAS CHEMICALS GROUP BERHAD) since retracing all the way back towards its RM 4.50+ major support levels last week, had been able to rebound quite well back towards the RM 4.90+ regions with huge volume and buying momentum.
This came after it reported its first ever loss in the latest QR report. That said, as long as able to hold above its RM 4.80+ immediate support, could continue to rebound back towards the RM 5.10+ regions soon here.
Will be monitoring PCHEM closely.
$PCHEM / 5183 (PETRONAS CHEMICALS GROUP BERHAD) since retracing all the way back towards its RM 4.50+ major support levels last week, had been able to rebound quite well back towards the RM 4.90+ regions with huge volume and buying momentum.
This came after it reported its first ever loss in the latest QR report. That said, as long as able to hold above its RM 4.80+ immediate support, could continue to rebound back towards the RM 5.10+ regions soon here.
Will be monitoring PCHEM closely.
$SENDAI / 5205 (EVERSENDAI CORPORATION BERHAD) since breaking out towards the RM 0.78+ regions, had actually been retracing-consolidating over the past 5-6 months here with RM 0.465+ as the major support level.
Recently, it seems to have broken out from its RM 0.55+ main downtrend resistance with good volume and buying momentum here. So far still able to hold quite well and as long as able to sustain above its RM 0.55 support, could continue to trend up towards the RM 0.64 - RM 0.65+ regions soon for an uptrend continuation pattern.
Will be monitoring SENDAI closely here.
Titan Trading Notes For Friday [22/11/2024]:
$KLCI retraced back towards the 1588 points region with an overall mixed market sentiment today as we still saw over 670+ counters closing red for the day today. Daily trading volume however was able to see a jump back towards the 3.4 billion mark, which is a decent sign here.
Main stocks that showed strong buying momentum would be the likes of MYEG, CEB, HAWK, SEALINK, SCABLE, YNHPROP, PCHEM, TANCO, SIMEPROP, SUNWAY, MRDIY, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SEALINK / 5145 (SEALINK INTERNATIONAL BERHAD) since reporting good profit from its latest QR, was able to breakout strong from its RM 0.30 main downtrend resistance levels and rallied all the way towards the RM 0.32+ regions with huge volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.30+ immediate support levels, could start trending back up towards the RM 0.33 - RM 0.35+ major resistance levels soon in the coming weeks.
Will be monitoring SEALINK closely as it looks good on both fundamental and technical aspects.
$YNHPROP / 3158 (YNH PROPERTY BERHAD) on the other hand since retracing back towards its RM 0.43+ major support levels, had been able to recover quite well over the past 2 weeks and broke out all the way towards the RM 0.54 regions with huge volume and buying momentum today.
So far looking quite strong here and as long as able to sustain above its RM 0.52 immediate support, could breakout further towards its RM 0.60+ regions soon in the coming weeks for a further rally.
Will be monitoring YNHPROP closely here as something big could be brewing here.
$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since retracing all the way back towards the RM 0.34+ major support levels from its RM 0.39 all time high levels, had been able to recover and rebounded back strong towards the RM 0.375 regions with good volume and buying momentum today.
Overall looks like forming a major cup and handle pattern here and with a solid QR that was released this evening (net profit of over RM 5 million), we could see it breakout from its RM 0.39 all time high levels for a further breakout soon.
Will be monitoring PLYTEC closely.
Titan Trading Notes For Thursday [21/11/2024]:
$KLCI retraced back towards the 1598 points region with an overall mixed market sentiment as we still saw over 540 counters closing red for the day. Daily trading volume remains around the 2.7 billion mark, still not very good.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, TANCO, MYEG, IFCAMSC, TOPGLOV, BAHVEST, SUNWAY, JPG, YEWLEE, ARMADA, and AAX. All of which were able to sustain their rallies throughout the day on the top volumes list here despite the mixed market sentiment.
CAPITALA had a huge breakout from its RM 1.05 major resistance levels which saw it rally all the way towards the RM 1.07 regions with huge volume and buying momentum here despite the mixed market sentiment.
So far looking quite strong here and as long as able to hold above its RM 1.02 immediate support, could breakout back towards the RM 1.10+ major resistance levels soon in the coming weeks.
Will be monitoring CAPITALA closely here. Congratulations to those of you that earned a good profit from CAPITALA as per my earlier trading plan. I've taken half my profit and will hold the remainder to see how far it can go.
$IFCAMSC / 0023 (IFCA MSC BERHAD) since retracing back towards the RM 0.52+ support levels, had been able to recover quite well over the past week here, even breaking out towards the RM 0.68 major resistance levels today with huge volume and buying momentum.
Looking quite strong here and if able to breakout from its RM 0.70 main downtrend resistance, could start trending up towards the RM 0.80+ major resistance levels once more for an uptrend continuation pattern.
Will be monitoring IFCAMSC closely here.
$NOTION / 0083 (NOTION VTEC BERHAD) since its earlier breakout towards the RM 1.22+ regions, had been retracing and consolidating with RM 1.14+ as the main support levels over the past week here, potentially forming its higher low regions already.
Today, it was able to breakout strong back towards the RM 1.20+ regions with good volume and buying momentum despite the mixed market sentiment. So far looking quite strong here and as long as able to sustain, could trend back up towards its RM 1.30 - RM 1.40+ regions soon.
Will be monitoring NOTION closely
Titan Trading Notes For Wednesday [20/11/2024]:
$KLCI retraced slightly back towards the 1602 points region with an overall positive market sentiment today as our market started to rebound from last week's sell off here. Daily trading volume however remains around the 2.8 billion mark, which is just average.
Main stocks that showed strong buying momentum would be the likes of LWSABAH, HAWK, CAPITALA, TOPGLOV, VTC, MRDIY, YEWLEE, AZAMJAYA, UEMS, and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list.
$LWSABAH / 5328 (LIFE WATER BERHAD) ince retracing back towards the RM 0.83+ support levels from the day before, was able to form a solid support and broke out all the way towards the RM 0.94+ regions with huge volume and buying momentum today.
So far looking quite strong here and as long as able to sustain above its RM 0.915 immediate support, could breakout towards its RM 0.955+ major resistance levels soon for a further rally up.
Will be monitoring LWSABAH closely here as still performing well.
$SKHAWK / 03049 (STEEL HAWK BERHAD) since consolidating over the past 2 weeks here with RM 0.36+ as the main support level on the daily chart, was able to breakout strong from its RM 0.41 previous high and rallied all the way towards the RM 0.455 levels, forming a new high here.
So far looking quite strong here and as long as able to sustain above its RM 0.41+ immediate support levels, could continue to rally further here as long as able to keep the buying momentum.
Will be monitoring HAWK closely here as it could be leading the IPO sector now.
CAPITALA on the other hand also able to reciprocate similar buying momentum and broke out towards the RM 1.04 regions today with good volume and buying momentum as well.
This came after it retraced back towards its RM 0.98+ main uptrend support levels earlier last week. For now as long as able to sustain, could breakout from its RM 1.05 major resistance levels soon for a further breakout.
Will be monitoring CAPITALA closely here
2 years since this post. The $KLCI is up 12% from the time with most of the gains in this year alone, showcasing that Malaysia is slowly realising its potentials mentioned (data center boom due to strategic location & cheap assets / expenses, investments in semiconductor sector, etc).
With Trump back into office, China + 1 will be in focus again, and if the leaders of the country play their cards right - Malaysia can stand to gain greatly!
Titan Trading Notes For Tuesday [19/11/2024]:
$KLCI managed to rebound strong back towards the 1604 points region with an overall positive market sentiment today. Daily trading volume remains around the 2.9 billion mark, which is just average.
Main stocks that showed strong buying momentum would be the likes of TOPGLOV, JPG, BAHVEST, LWSABAH, CYPARK, SCGBHD, CAPITALA, PMETAL, SUNWAY, SRIDGE, KOSSAN, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since retracing back towards the RM 1.25+ support levels last week, had been able to regain its strength and broke out from its RM 1.35 resistance, rallying all the way towards the RM 1.40+ regions with good volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 1.35+ immediate support levels, could continue to trend back up towards its RM 1.47 all time high levels soon.
Will be monitoring JPG closely here as still trending up strongly.
$CYPARK / 5184 (CYPARK RESOURCES BERHAD) after consolidating over the past 2 weeks, was able to breakout strong from its RM 0.86+ main resistance levels with huge volume, rallying all the way towards the RM 0.90 regions here.
So far still looking strong here and as long as able to sustain above its RM 0.86+ immediate support on the hourly charts, could continue to trend back up for this week.
Will be monitoring CYPARK closely.
CAPITALA since retracing back towards the RM 0.98+ main uptrend support levels earlier last week, had been able to rebound back strong towards the RM 1+ regions today with good volume and buying momentum.
So far looking quite strong and ripe here for a potential breakout back towards and beyond its RM 1.05+ major resistance levels soon in the coming few days as long as able to sustain the buying momentum.
Will be monitoring CAPITALA closely here
Titan Trading Notes For Monday [16/11/2024]:
$KLCI retraced back towards the 1592 points region with an overall mixed market sentiment as we still saw over 570 counters closing red for the day along with it. Daily trading volume remains average around the 2.7 billion mark, which is still not very high.
Main stocks that showed strong buying momentum would be the likes of ARMADA, CEB, NOTION, TANCO, SUNWAY, ATAIMS, and BAHVEST. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$ARMADA / 5210 (BUMI ARMADA BERHAD) following its potential merger with MISC's offshore business, was able to breakout from its RM 0.515 main downtrend resistance levels and rallied all the way towards the RM 0.54 regions with huge volume and buying momentum on Friday.
For now looking quite strong here and as long as able to sustain above its RM 0.515+ immediate support levels, could trend back up towards the RM 0.56 - RM 0.59+ major resistance levels soon.
Will be monitoring ARMADA closely here. Note that it has an NTA of RM 1 and is only trading at PE6 now. May still have room to go if the merger goes through.
$CEB / 5311 (CAPE EMS BERHAD) since its earlier sharp sell down towards the RM 0.325+ major support levels, had been able to recover its strength and closed back towards the RM 0.395 regions on Friday with good volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.37+ immediate support, could continue on towards and beyond its RM 0.415+ major resistance levels in the coming weeks here for a further breakout.
Will be monitoring CEB closely here.
$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since taking a hit and retraced all the way back towards the RM 1.22+ major support levels last week, had been able to recover quite well towards the RM 1.30+ regions on Friday with good volume and buying momentum.
With FCPO prices still climbing up steadily, we could see another rally coming in soon if JPG breaks out from its RM 1.35 major resistance levels, could be testing back its RM 1.47 all time high levels once more.
Will be monitoring JPG closely here
Titan Trading Notes For Friday [15/11/2024]:
$KLCI retraced back towards the 1600 points major support levels with an overall mixed market sentiment as we still saw over 580 counters closing red for the day. Daily trading volume settled around the 3.1 billion mark, which is just average.
Main stocks that showed strong buying momentum would be the likes of CLASSITA, MEGAFB, JPG, GENETEC, NOTION, SCGBHD, VTC, JCY., and TANCO. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since retracing all the way back towards the RM 1.22 major support levels yesterday, was able to rebound strong today back towards the RM 1.32+ regions with good volume and buying momentum.
This came after it announced excellent QR results of over RM 70 million in net profit for its latest quarter. For now as long as able to hold above its RM 1.30+ immediate support, could breakout from its RM 1.35+ major resistance levels for a further rebound.
Will be monitoring JPG closely here as seems to be recovering well.
$NOTION / 0083 (NOTION VTEC BERHAD) on the other hand was definitely the star performer today as it was able to breakout all the way towards the RM 1.20++ major resistance levels with huge volume and buying momentum today despite the mixed market sentiment.
For now looking quite strong here as this came after a 3-4 month consolidation between the RM 0.85 - RM 1.12+ range on the daily chart. For now looking quite strong here and as long as able to hold above its RM 1.12+ support, could breakout back towards the RM 1.37 - RM 1.40+ major resistance levels.
$VTC / 0319 (VETECE HOLDINGS BERHAD) since retracing back towards the RM 0.355+ support levels, had been able to recover well over the past few weeks and today, was able to breakout back towards the RM 0.48+ regions with good volume and buying momentum.
For now looking quite strong here and as long as able to hold above its RM 0.45+ immediate support on the hourly charts, could breakout back towards the RM 0.50 - RM 0.515+ major resistance levels soon in the coming week.
Will be monitoring VTC closely here
Titan Trading Notes For Thursday [14/11/2024]:
$KLCI had a slight rebound back towards the 1611 points region with an overall mixed market sentiment as we still saw over 560 counters closing red for the day today. Daily trading volume remains average around the 2.8 billion mark, which is just average.
Main stocks that showed strong buying momentum would be the likes of LWSABAH, TANCO, AZAMJAYA, MMAG, 99SMART, KGB, YEWLEE, VS, CEB, and KPJ. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD) ince retracing all the way back towards the RM 2.27+ main support levels, was able to breakout from its RM 2.35+ main downtrend resistance and rallied all the way towards the RM 2.40+ regions with good volume and buying momentum.
For now looking quite strong here and as long as able to hold above its RM 2.35+ immediate support on the hourly charts, could continue to trend back up towards the RM 2.50+ major resistance levels soon.
Will be monitoring 99SMART closely here as seems to be ripe for a further rally soon.
$KGB / 0151 (KELINGTON GROUP BERHAD) after announcing good QR results, was able to breakout from its RM 3.20+ main downtrend resistance with huge volume and rallied all the way towards the RM 3.48+ regions today despite the mixed market sentiment.
For now despite being overbought, is looking quite strong here and as long as able to hold above its RM 3.20 - RM 3.30+ immediate support, could continue to trend back up towards the RM 3.60++ regions soon.
Will be monitoring KGB closely here as looking very strong.
$NOTION / 0083 (NOTION VTEC BERHAD) since breaking out towards the RM 1.12 regions, had been retracing and consolidating around the RM 1+ main support levels over the past few trading days here and still able to hold strong here.
For now still looking quite strong and as long as able to sustain, could breakout from its RM 1.10 - RM 1.12 major resistance levels soon for a further breakout and start trending up towards the RM 1.30 - RM 1.40+ regions in the coming few weeks.
Will be monitoring NOTION closely. Have to wait for the QR results to come out first.
Titan Trading Notes For Wednesday [13/11/2024]:
$KLCI closed back slightly red around the 1608 points region with an overall negative market sentiment as we still saw over 600 counters closing red for the day. Daily trading volume settled around the 2.99 billion mark, mainly dominated by sellers still.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, AZAMJAYA, JPG, TOPGLOV, TANCO, VS, HARTA, YEWLEE, YTL, MMAG, and CTOS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$AZAMJAYA / 5329 (AZAM JAYA BERHAD) after its strong debut yesterday, was able to carry forward with its buying momentum and broke out all the way towards the RM 1.25 regions, forming a new all time high here with huge volume.
So far looking quite strong here and as long as able to hold above its RM 1.20 immediate support, could continue on towards and beyond the RM 1.25 all time high levels for a further breakout.
Will be monitoring AZAMJAYA closely here.
CAPITALA on the other hand after consolidating over the past few weeks with RM 0.95+ as the main uptrend support, was able to breakout strong from its RM 1.02 local high resistance and rallied all the way towards the RM 1.05 regions with good volume today.
It's looking quite bullish now and ripe for a breakout here after much consolidation. For now as long as able to hold above its RM 0.98+ immediate support, could continue on towards and beyond its RM 1.10+ regions soon.
$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) despite reporting reduced profit in its latest QR, was able to bounce back quickly from its RM 3.16+ main support levels and close green around the RM 3.32 regions with good volume and buying momentum.
So far looking quite strong here as it's leading the glove sector here. For now, as long as able to hold above its RM 3.20+ immediate support, could continue to trend back up towards the RM 3.48+ regions soon.
Will be monitoring HARTA closely as the glove sectors are looking quite promising.
Titan Trading Notes For Tuesday [12/11/2024]:
$KLCI retraced back towards the 1609 points region with an overall negative market sentiment as we still saw over 680 counters closing red for the day here. Daily trading volume remains relatively low around the 2.6 billion mark, mainly dominated by sellers as foreign funds continue their sell off.
Main stocks that showed strong buying momentum would be the likes of AZAMJAYA, CEB, JPG, GENETEC, VTC, VLB, CAPITALA, RL, and MAG. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
With FCPO prices continuing to rally, $JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) led the way for all plantation stocks today, breaking out all the way towards the RM 1.41 regions with huge volume and buying momentum, forming a new all time high once more.
Although it was met with some selling pressure towards the end which saw it close back towards the RM 1.35 levels, so far still looking quite strong here and as long as able to hold above its RM 1.30 immediate support, could continue to trend up higher as FCPO prices show no signs of weakness yet.
Will be monitoring JPG closely here as it's one of the few that can continuously rally with huge volume over the past few weeks among the plantation sector.
$VLB / 0273 (VESTLAND BERHAD) on the other hand since retracing all the way towards the RM 0.475+ levels just last week, was able to breakout all the way towards the RM 0.615 regions today, forming a new all time high here despite the weak market sentiment.
For now looking very strong here and as long as able to hold above its RM 0.565+ immediate support, could continue on this bullish rally here in the coming weeks.
Will be monitoring VLB closely here to see how far it can go.
AAX since breaking out towards the RM 2+ regions last month, had been retracing and consolidating over the past few weeks here with RM 1.85+ as the main uptrend support levels here.
For now seems to have formed its higher low regions here already and if able to sustain, could rebound back towards the RM 1.95 - RM 2+ major resistance levels soon in the coming few weeks.
Will be monitoring AAX closely here.
Titan Trading Notes For Monday [11/11/2024]:
$KLCI retraced back towards the 1621 points region with an overall negative market sentiment on Friday as we still saw over 650 counters closing red for the day along with it. Daily trading volume remained around the 2.6 billion mark, which is just average.
Main stocks that showed strong buying momentum would be the likes of YEWLEE, AGX, MKHOP, DIALOG, ARMADA, and VLB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$AGX / 0299 (AGX GROUP BERHAD) was definitely the star player for the day was it was able to breakout all the way towards the RM 0.63 regions with huge volume and buying momentum here despite the weak market sentiment.
This came after it retraced and consolidated over the past few months with RM 0.48 - RM 0.50+ as the main support levels. For now, it's doing very well here and despite being overbought, as long as able to hold above its RM 0.585+ immediate support, could continue on beyond its RM 0.635 all time high soon.
Will be monitoring AGX closely here as seems to be ripe for a bullish continuation pattern.
$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since its earlier breakout towards the RM 1.20 regions after announcing record high profits, had been able to hold well above its RM 1.12+ main support levels on the hourly charts despite the weak market.
For now, still looking quite strong here and as long as able to sustain, could breakout back towards and beyond the RM 1.20+ major resistance levels soon for a further bullish continuation pattern soon.
Will be monitoring HUPSENG closely here
With FCPO prices rallying, it's not surprising to see stocks like $THPLANT / 5112 (TH PLANTATIONS BERHAD) breaking out strong during last Friday, breaking out all the way towards the RM 0.72+ regions with growing volume and buying momentum despite the weak market.
For now still looking very strong here and as long as able to hold above its RM 0.70+ immediate support levels, could continue on towards and beyond the RM 0.75 - RM 0.78+ major resistance levels soon.
Titan Trading Notes For Friday [8/11/2024]:
After a brief rally from the day before when Trump won the elections, $KLCI retraced back towards the 1623 points region today with an overall bearish market sentiment as we still saw over 640 counters closing red for the day. Daily trading volume settled around the 3.77 billion mark, which is still pretty decent if able to sustain this amount.
Main stocks that showed strong buying momentum would be the likes of 3REN, EKOVEST, INARI, SDCG, SORENTO, TANCO, SCIB, and MKHOP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$3REN / 0328 (3REN BERHAD) after its strong debut yesterday, was able to resume its buying momentum and broke out all the way towards the RM 0.47 regions, forming a new high once more despite the weak market sentiment here with good volume and buying momentum.
So far looking quite strong here and as long as able to hold above its RM 0.435+ immediate support levels, could continue on towards and beyond the RM 0.47 all time high levels soon for a bullish continuation pattern.
Will be monitoring 3REN closely here as the IPO theme runs strong.
$INARI / 0166 (INARI AMERTRON BERHAD) since breaking out towards the RM 2.90+ regions from the day before, was able to carry forward this buying momentum and rallied all the way towards the RM 3.20+ regions with huge volume and buying momentum today.
This came after a 3-4 month long retracement since breaking out towards the RM 4.01 all time high levels during July. For now looking quite strong here and as long as able to hold above its RM 3.10+ immediate support levels on the daily chart, could continue to trend up towards the RM 3.30 - RM 3.40+ regions soon.
Will be monitoring INARI closely
$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) after announcing a record high earning from its latest QR and declaring 3 cents of dividend, was able to gap up and broke out all the way towards the RM 1.20 regions with good volume and buying momentum today.
Although it faced some selling pressure which saw the stock close back towards the RM 1.14 regions, it's still looking quite good here and as long as able to hold above this region, could trend back up towards the RM 1.20+ regions once more for an uptrend continuation pattern.
Will be monitoring HUPSENG closely