Part A: Circular to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature Part B: Statement to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Share Buy-Back (Amended Announcement)
Titan Trading Notes For Friday [24/5/2024]:
$KLSE-KLCI had a good rebound back towards the 1629 points region with an overall positive market sentiment today with a healthy trading volume of around 6.1 billion. Market was able to rebound quite swiftly after just 1 day of pulling back.
Main stocks that showed strong buying momentum today would be the likes of SNS, KNM, PERDANA, ZANTAT, MYEG, REVENUE, SIMEPROP, PA, AVI, TOPGLOV, PWRWELL, JCY, PANDA, AGES, IFCAMSC, SUNWAY, ASTRO, PMHLDG, BPURI, RGB, EMCC, YTL, SIME, VS, and MBSB. All of which were able to sustain their rallies throughout the day on the top volumes list.
$SNS / 0259 (SNS NETWORK TECHNOLOGY BERHAD) was definitely the star performer today, since being able to breakout from its RM 0.515+ major resistance levels, it rallied all the way towards the RM 0.68 regions with huge volume and buying momentum, forming a new all time high here.
For now still looking very bullish here and as long as able to sustain above its RM 0.585 immediate support, could continue on towards and beyond the RM 0.68+ regions for a bullish continuation pattern.
Will still be monitoring SNS closely here to see how far it can go as still looking very strong.
ZANTAT after consolidating over the past 2 months with RM 0.48+ as the main support levels on the hourly and daily charts, was able to form a solid support region and broke out strong from its RM 0.51+ major resistance levels today.
After this breakout, it rallied all the way towards the RM 0.61 regions to form a new all time high level here. For now looking very strong here for an uptrend continuation pattern and as long as able to sustain above its RM 0.55+ immediate support, could continue stronger.
Will be monitoring ZANTAT closely here as something big seems to be brewing here.
$SIGN / 7246 (SIGNATURE INTERNATIONAL BERHAD) after breaking out towards the RM 1.53 regions, had been retracing over the past week back towards its RM 1.38+ immediate support levels on the hourly charts and was able to rebound nicely today back towards its RM 1.53 major resistance.
For now although unable to breakout from its RM 1.53 regions yet, its closing price of RM 1.50 was still a pretty good one here and as long as able to sustain above its RM 1.46+ immediate support, could continue on towards and beyond the RM 1.53+ regions for an uptrend continuation pattern.
Titan Trading Notes For Tuesday [14/5/2024]:
$KLSE-KLCI had a decent rebound today, closing green around the 1602 points region with an overall positive market sentiment. Daily trading volume remained decent around the 4.5 billion mark.
Main stocks that showed strong buying momentum would be the likes of MMAG, MYEG, SENDAI, AWANTEC, MI, REVENUE, JIANKUN, EWINT, KNM, GENM, IOIPG, SFPTECH, GENTING, and SEALINK. All of which were able to sustain their rallies throughout the day on the top volumes list.
$MMAG / 0034 (MMAG HOLDINGS BERHAD) was definitely the main star for the day as it managed to breakout strong from its RM 0.215+ major resistance levels and rallied all the way towards the RM 0.375 levels with huge volume and buying momentum here.
For now looking very strong and seems to be in the midst of a parabolic rally. If able to sustain this kind of buying momentum, could continue on towards the RM 0.40+ regions in the coming week.
Will monitor MMAG closely but I have to caution that trading this stock will come with very high levels of risk as there is no visible support level at the moment.
$SENDAI / 5205 (EVERSENDAI CORPORATION BERHAD) on the other hand also not showing any signs of slowing down here as it was ale to breakout all the way towards the RM 0.785 regions with huge volume and buying momentum despite being overbought on the daily chart.
For now looking very strong and is definitely on a parabolic rally here. As long as able to sustain above its RM 0.70+ immediate support levels, could continue on towards and beyond the RM 0.80+ regions soon.
Will monitor SENDAI closely but also have to caution on the higher levels of risk when entering at such a high price point.
ADB since breaking out towards the RM 1.04 regions to form its new high, had been retracing over the past month here without much volume and action, forming a solid support around the RM 0.955+ levels.
Recently, it was able to rebound quite well and today, was even able to test its RM 1 resistance levels. For now, it's looking quite healthy here and if able to form a higher low base, could continue to wards and beyond its RM 1.04 all time high levels for an uptrend continuation pattern.
Will be monitoring ADB closely
$SIGN / 7246 (SIGNATURE INTERNATIONAL BERHAD) since breaking out towards the RM 1.51 regions, had been consolidating over the past few trading days and formed a solid base around its RM 1.43+ immediate support levels on the hourly charts.
For now looking quite strong here as it was able to breakout back towards the RM 1.50 regions today with good volume and buying momentum. As long as able to keep this kind of buying momentum, could continue on towards the RM 1.60+ regions soon here.