ALAM trade ideas
Bursa ALAM Maritim Resources BhdCan look for opportunity to buy from current price to RM 0.07. Planning to not holding for longterm can plan for CL / SL at the lowest RM 0.05. Expecting it to drop to RM 0.065 before shot up continuing uptrend.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
ALAM target LONGThis is the my second view for this counter. As we can see after price hit left shoulder at 0.13 it start downtrend to test demand area.
There are two important demand area available. If price unable to sustain above 0.07 price will test the lowest demand (flag limit area)at 0.055 where the origin price start to went up. If refer to monthly TF there is berish engulf , so possibility price will hit 0.055 area before goes up .
My first target to TP is 0.13 follow by 0.155. Price must break and sustain above 0.2 before can continue to climbing up.
Plan Short Term and Long Term Expected Short term may increase to 0.110- 0.115 within 2-3 working days Buy at 0.95 or 0.1.
ALAM - tweezer bottom at supportwait for bullish candle after tweezers bottom for confirmation
tp1- 0.115
tp 2 - 0.145
ALAM - Looking for buying opportunityPrice near to SNR daily and moving within channel . So waiting to buy if rejection candle formed around SNR area.
26 MEI SEKTOR ENERGY ADAKAH AKAN MENGGANAS MINGGU TERAKHIR SNR
Board : MAIN
Shariah : Shariah Compliant Compliant
Sector : Energy
Sub-Sector : Energy Infrastructure, Equipment & Services
P/E Ratio: -
ROE (%): -16.49
SHORT TERM ONLY
Number of Share: 1.177b
Dividend Yield (%): 0.00
TAK BAGI DIVIDEN
ALAM MARITIMBase on Oil & Gas Sector Update report on 21 Apr 2020. We see opportunities in a swinging volatile near term market to pick up oversold fundamentally strong, financially resilient stocks. Fundamental call with TP MYR0.090. SL below MYR0.055
