ALAM has been trading in a range between the support (S1) and the resistance (R1) around 22 months. It broke above R1 and completed a reversal pattern called rounding bottom on 6 Jan 20 with a volume of 73mil (As of 10.20am). The breakout will only remain valid if it stays above R1 until the market closes and R1 becomes the resistance turned support that should not be broken in order to keep the uptrend intact. The stock is trading above 50 SMA but with an ADX <25. Based on technical analysis, the stock now has a potential price target (PPT) of 0.23
10-week EMA is often used by traders for entry signal while 30-week EMA is one of the buy signals for long term investors. ALAM's share price is currently trading above its 10-week EMA and 30-week EMA.
ALAM Fundamental 1.3 Technical 6.2 Total Score 7.5 Moving Average (Short Term) BUY Moving Average (Mid Term) BUY Moving Average (Long Term) BUY Support (EP/CL): 0.15/0.13 | Resistance (TP): 0.19/0.21
MRCB, UEMS and Sime Property are listed under Property while YTL is listed as Utilities by Bursa. These 4 companies also does Construction in addition to other business activities.
5115 ALAM ALAM MARITIM RESOURCES BHD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Loan Notes Details of corporate proposal : Conversion of Redeemable Convertible Notes No. of shares issued under this corporate proposal : 22,222,222 Issue price per share ($$) : 0.0900 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,068,353,306 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 409,265,386.000 Listing Date : 16/01/2020 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
abit fishy about this stock la....First about the sale of about 37% of FREE warrant by shareholder, thats about 174 million..at market value average 6 cents.. why?? dump such a big warrant volume if owner?..if wait a little longer to mother reach 25 cents, sure kaya..!!
less than a year NOSH expands by 15% !!.. means, profits now have to be shared to more people. and we donno how big the Loan Notes was issued, coz they keep on converting it at 9 cents and immediately sell it 2x the price.
and 2 years from now, NOSH tambah another 50% from warrant conversion. that would be around 1.5 Billion NOSH. .. business must be very very good at that time i guess..huhu
I agree with u ron90, I also curious why dump such a big volumn with this cheap price. After convert there will be big percentage loss if all warrant being convert.
0.18 buy 10lot. drop to 0.16 buy 20lot . drop 0.14 buy 30lot untill 0.01 buy 200lot. provided the company never bankrup. up a bit you can sell all still in the untung side. look funny but this is the fund manager style of investment
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
24,281 posts
Posted by Mabel > 2020-01-12 22:04 | Report Abuse
ALAM has been trading in a range between the support (S1) and the resistance (R1) around 22 months. It broke above R1 and completed a reversal pattern called rounding bottom on 6 Jan 20 with a volume of 73mil (As of 10.20am). The breakout will only remain valid if it stays above R1 until the market closes and R1 becomes the resistance turned support that should not be broken in order to keep the uptrend intact. The stock is trading above 50 SMA but with an ADX <25. Based on technical analysis, the stock now has a potential price target (PPT) of 0.23
10-week EMA is often used by traders for entry signal while 30-week EMA is one of the buy signals for long term investors. ALAM's share price is currently trading above its 10-week EMA and 30-week EMA.