ALAM Maritim is generally in a consolidation mode in the wake of mild profit-taking activity. Despite that, the moving average convergence/divergence indicator remains bullish, trending significantly above the signal line. This suggests a further upside potential, going forward. If the price can clear the immediate hurdle of RM3.80, look for the RM4 mark as the next resistance. Initial support is seen at RM3.60.
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