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.
