I remember Quek/Poh from HL and someone from Waseaong also bot this counter for their investment, their price was above RM1 if not mistaken. Not sure who is throwing but suspect someone throw from left hand to right hand, not sure about the motive. If follow Capital IQ database, only around 70 over million share float around, the guy who really want to dump everything could have done it long time ago when price was still good. Any idea ?
Alam breached the MYR0.575 level on its latest trade, albeit marginally. Traders may expect further weakness if the stock stays below this level in the immediate term, with next supports anticipated at MYR0.515 and MYR0.495. The stock may trend sideways or rebound further if it inches back above the MYR0.575 level. A bullish bias may kick in if it manages to breach the MYR0.685 level in the near future.
Oil price should go up slowly. More and more North America oil company shutting down and cutting work force. That is what OPEC want. Most reasonable oil price should be $70.00.
Not sure what Mr. Quek have in mind ? He can't just leave Alam like that ? Or maybe he is pushing down the price to buy more using third party name....just guessing
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annmix
1,521 posts
Posted by annmix > 2015-01-14 17:30 | Report Abuse
Can rebound ?