Titan Weekend Chart Reviews
$BTECH / 0011 (BRITE-TECH BERHAD)
Had a good breakout towards the RM 0.36+ regions here with decent volume and buying momentum.
Seems to be forming a new uptrend here and as long as able to hold above its RM 0.35+ support, could continue on towards the RM 0.39 - RM 0.40+ regions soon.
Support: RM 0.35, RM 0.34 areas
Resistance: RM 0.36, RM 0.375, RM 0.39, RM 0.40 areas
Titan Weekend Chart Reviews
$BTECH / 0011 (BRITE-TECH BERHAD)
Had been retracing and consolidating over the past week here since its earlier huge breakout towards the RM 0.375 regions.
For now the RM 0.33+ main support regions are still holding quite well here and if able to breakout from the RM 0.345 immediate downtrend resistance, could trend up back towards the RM 0.375 levels or beyond soon.
Support: RM 0.33 area
Resistance: RM 0.35, RM 0.365, RM 0.375 areas
General Notes For Wednesday [3/1/2023]:
$KLSE-KLCI closed slightly red today at around 1453 with an overall positive market sentiment. With the high volume penny stock theme running hot, it's not surprising to see trading volumes surging back towards the 4.9 billion range once more.
Main stocks that showed strong buying momentum today would be the likes of FAST, SAPNRG, PASUKGB, SCABLE, BIOHLDG, TOPGLOV, MMAG, IWCITY, EKOVEST, PELIKAN, UEMS, PUNCAK, RANHILL, SALCON, MERSEC, and PBA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$BIOHLDG / 0179 (BIOALPHA HOLDINGS BERHAD) had a huge breakout all the way towards the RM 0.14 major resistance levels today after breaking out from its RM 0.115+ resistance levels with huge volume.
After the first wave, it was met with some selling pressure which saw the stock closed back towards the RM 0.12 regions here. So far still looking pretty strong and as long as able to hold above its RM 0.115 immediate support levels, could continue on an uptrend here in the coming weeks.
Congratulations to those of you that earned a good profit from BIOHLDG as per my earlier trading plans. I've taken all my profits today at RM 0.135 and RM 0.12. Will still be monitoring closely for a re-entry opportunity soon.
$IWCITY / 1589 (ISKANDAR WATERFRONT CITY BERHAD) on the other hand also performed quite well today as it managed to hold well above its RM 0.72+ immediate support regions and break out all the way towards the RM 0.78+ regions with good volume despite being overbought on the daily chart.
So far, IWCITY is still not showing any sign of weakness yet and could continue on towards and beyond the RM 0.855+ major resistance levels soon.
Following the water theme's leader $PBA / 5041 (PBA HOLDINGS BHD) , $BTECH / 0011 (BRITE-TECH BERHAD) had a huge rally today,breaking out from its RM 0.30+ major sideways resistance levels to breakout all the way towards the RM 0.37+ regions with huge volume on the daily chart.
So far not showing any sign of weakness here yet as it was able to easily breakout from its RM 0.35 - RM 0.36 major resistance levels. For now as long as able to sustain, could breakout towards and beyond the RM 0.39 - RM 0.40+ major resistance levels soon for an uptrend continuation pattern.
Market sentiment definitely making a very strong come back here and as all of you can see, we're seeing good improvements in our results too. I believe we will be able to start shining very soon as long as we keep this kind of liquidity in the market.
General Notes For Friday [24/11/2023]
$KLSE-KLCI had a brief retracement back towards the 1453 points region today with an overall negative sentiment as we still had more than 530 counters closing red for the day today. However, daily trading volume was able to remain high around the 3.7 billion range today.
Main stocks that showed strong buying momentum today would be the likes of TOPGLOV, LEFORM , SUPERMX, CAREPLS, JCY, MERSEC, HARTA, CFM, HEXCARE, UEMS, and JSB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.
$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) performing quite well over the past week here since breaking out from its RM 0.80 major resistance levels, breaking out all the way back towards the RM 0.88+ levels today with good volume despite being overbought on the daily chart.
For now not showing any sign of weakness yet and if able to sustain this kind of buying momentum, could breakout from the RM 0.88+ levels to test the RM 0.95+ major resistance levels soon in the coming weeks.
Will still be monitoring TOPGLOV closely here.
$BTECH / 0011 (BRITE-TECH BERHAD) since breaking out from its RM 0.33+ immediate downtrend resistance, had been inching upwards slowly over the past 2 days, even closing on its intraday high at RM 0.345 today.
For now, the volume is still not much yet but as long as able to hold above its RM 0.33+ immediate support levels, could be breaking out towards the RM 0.36+ immediate resistance levels very soon for at least at technical rebound.
$JCY / 5161 (JCY INTERNATIONAL BERHAD) was able to stage a strong breakout from its RM 0.245 major resistance and test the RM 0.25 levels today with good volume on the daily chart, so far looking pretty good here.
Although it wasn't able to close on its intraday high of RM 0.25, its closing price of RM 0.24 was still a pretty good sign here and as long as able to hold above its RM 0.23+ immediate support levels, could continue on towards breaking out to the RM 0.275+ levels very soon here for a bullish continuation.
General Notes For Thursday [23/11/2023]:
$KLSE-KLCI had a brief retracement back towards the 1455 points region today with an overall negative market sentiment as we had around 530 counters closing red along with it for the day. Daily trading volume also remained low around the 2.96 billion range.
Main stocks that showed strong buying momentum would be the likes of TOPGLOV, LEFORM, CAPITALA, LAYHONG, AAX, SUPERMX, LHI, PLYTEC, PA, and TEOSENG. All of which were able to sustain their rallies throughout the day on the top volumes list despite the bad sentiment.
$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) looking very strong recently as it was able to breakout strong from its RM 0.80+ major resistance levels with good volume and rallied all the way towards the RM 0.84+ levels today with good volume.
For now looking pretty good here and as long as able to sustain this kind of buying momentum, could breakout back towards the RM 0.885+ major resistance levels soon in the coming weeks if able to start a new uptrend.
Will be monitoring TOPGLOV and the overall healthcare sector closely here.
$LEFORM / 0266 (LEFORM BERHAD) on the other hand also performed quite well today as it managed to rebound sharply from its RM 0.255+ support levels yesterday to retest its R M0.28 resistance today with good volume.
So far still looking pretty strong here and as long as able to hold above its RM 0.27 immediate support levels, could continue on back towards and beyond the RM 0.295 all time high levels soon for a strong bullish continuation pattern.
Will be monitoring LEFORM closely here.
$BTECH / 0011 (BRITE-TECH BERHAD) also performed quite well today after holding well above its RM 0.32+ major support levels, and managing to breakout from its RM 0.33 immediate downtrend resistance to test the RM 0.34 levels with decent volume today.
So far looking pretty decent here and as long as able to hold above its RM 0.33 immediate support region, could be testing its RM 0.36+ major resistance levels soon in the coming few days.
eneral Notes For Wednesday [22/11/2023]:
$KLSE-KLCI managed to rebound quite well back towards the 1463 points region with an overall positive market sentiment today. Daily trading volume also did quite well around the 3.65 billion range.
Main stocks that showed strong buying momentum would be the likes of MYEG, KAB, MUHIBAH, BAHVEST, UEMS, PBBANK, UNIQUE, MESTRON, JSB, and OPCOM. All of which were able to sustain their rallies throughout the day on the top volumes list.
$KAB / 0193 (KEJURUTERAAN ASASTERA BERHAD) after retracing and consolidating over the past 3-4 months since breaking out towards the RM 0.37+ levels, had been able to form a solid base region around the RM 0.325+ major support levels.
For now looking strong here and was able to breakout from its RM 0.34 immediate downtrend resistance with good volume. For now if able to sustain this kind of buying momentum, could breakout back towards and beyond the RM 0.35 - RM 0.37 resistance levels soon.
Will be monitoring KAB back again closely.
$BTECH / 0011 (BRITE-TECH BERHAD) since its earlier breakout towards the RM 0.43 levels, had been retracing and consolidating over the past week here with RM 0.32+ as the main support region on the hourly charts.
For now seems to have formed a decent support region here already and if able to breakout from its RM 0.34 immediate downtrend resistance, could see a potential rebound back towards the RM 0.36 - RM 0.39+ levels soon for at least a technical rebound.
Will be monitoring BTECH closely here
$LYC / 0075 (LYC HEALTHCARE BERHAD) since its earlier breakout all the way towards the RM 0.24+ levels, had been able to consolidate well above its RM 0.20+ immediate support regions and recently, was able to retest the RM 0.235 resistance levels once more.
Seems to have formed a higher low region around its RM 0.215+ immediate support levels already and if able to sustain this region, could potentially ride on this incoming healthcare sector for a breakout towards the RM 0.255+ regions very soon here.
$BTECH / 0011 (BRITE-TECH BERHAD) : Selling Pressure Over?
Had been retracing over the past 2 days since breaking out towards the RM 0.43 major resistance levels.
Seems to have stabilized around the RM 0.33 RM 0.34+ support levels here on the 30 minute chart with strong BOD signals from my indicator.
If able to breakout from its RM 0.35 resistance, could retest the RM 0.40 major resistance levels soon.
Yesterday was T3 since the first breakout...seems like most sellers have already dried up.
Support: RM 0.33 area
Resistance: RM 0.34, RM 0.35, RM 0.36, RM 0.375, RM 0.39, RM 0.40 areas
1/2
General Notes For Wednesday [15/11/2023]:
$KLSE-KLCI had a decent rebound back towards the 1451 points region today with an overall positive market sentiment. Overall daily trading volume settled around the 3.07 billion range here, which is just average.
Main stocks that showed strong buying momentum would be the like SHCHAN, SALCON, IMPIANA, BAHVEST, GUH, SUNWAY, BTECH, and SALUTE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$BTECH / 0011 (BRITE-TECH BERHAD) was definitely one of the star performers today as it managed to breakout from its RM 0.35 major weekly resistance levels and rallied all the way towards the RM 0.43 levels with huge volume today.
This came after almost 2 years of consolidation and retracement without much volume. Although it faced some selling pressure above the RM 0.40+ levels, its closing price at RM 0.375 was still a pretty good sign here.
As long as able to hold, could continue back towards and beyond the RM 0.42+ major resistance levels for a bullish continuation pattern.
$SALCON / 8567 (SALCON BERHAD) since breaking out from its RM 0.25+ major weekly resistance, had been rallying up over the past 2 weeks here with huge volume, going all the way towards the RM 0.34+ levels today.
For now looking pretty strong here and as long as able to hold above its RM 0.33 immediate support levels, could continue on towards and beyond the RM 0.40+ major resistance levels until the next pullback comes.
SALCON definitely on a parabolic rally here and will have to exercise caution when trading it.
EPICON also managed to breakout back towards the RM 0.28 levels today with decent volume after consolidating over the past few weeks with RM 0.27+ as the immediate support levels on the daily chart.
For now as long as able to keep this kind of buying momentum up, could breakout from its RM 0.285 immediate resistance levels soon to test the RM 0.30 major resistance levels for a bullish continuation pattern.
$BTECH / 0011 (BRITE-TECH BERHAD) : New Rising Star?
Had been retracing over the past 1-3 years already without much volume and action but was able to breakout from its RM 0.35+ main downtrend resistance.
Looking very strong now and if able to sustain above its RM 0.37+ immediate support levels, could continue all the way towards the RM 0.57+ major resistance levels.
RM 0.42 is a crucial point and if able to breakout, will be quite strong here. After PBA and PUNCAK, could this be the next star?
Support: RM 0.39, RM 0.375 areas
Resistance: RM 0.40, RM 0.42, RM 0.435, RM 0.45, RM 0.485, RM 0.50, RM 0.57 areas
Quarterly rpt on consolidated results for the financial period ended 31/03/2023 (Amended Announcement)