Given the recent surge in the price of crude oil to a 15-month high of $83 per barrel, oil and gas related stocks have been benefiting from this recent revival in the energy market.  ALAM is one of them. The recent price action of ALAM suggests a possible upside revival after spending around three months of consolidation since 28^th September 2009. Signals from the various indicators are also supporting this potential up move. The MACD trend indicator had a bullish crossover with the RSI oscillator still hovering above the 50% level which suggests that upside momentum is still intact. Be on the lookout for its immediate resistance at RM1.98 and a break above it may see a rally towards the next stronger resistance at RM2.21. Its immediate support will be at RM1.82 and a violation below it may set a trigger for a deeper slide towards the next support at RM1.73.