Journey to Wealth
Daily Trading Stocks : Alam Maritim Resources
Alam may rebound after holding above the RM0.50 support level yesterday. However, its upside bias can only be confirmed if the stock closes above the 3-day high of RM0.53, and a purchase can be made if this happens. The stop-loss is a close back below RM0.50 while the price target is the gap of 15 May at RM0.64, provided that it violates the recent high of RM0.56. A close back below RM0.50 should see the downtrend continue, with supports at RM0.43 and RM0.37.
Source: OSK
Source: OSK
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