Alam’s downtrend may resume after failing to break above the RM0.56 resistance level despite numerous attempts in the past month. Liquidation can be undertaken on close below RM0.545, while supports are expected at RM0.50 and RM0.44. The weak bias, however, will be nullified should the stock close above RM0.56. Resistance levels are expected at RM0.64 and RM0.70.
Source: OSK
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