Bumi Armada is poised to resume its uptrend rebound after testing the MYR0.60 immediate resistance recently with strong trading volume above the 21-day SMA line. If it manages to reclaim the immediate resistance, the stock will trend higher towards the MYR0.63 resistance, followed by the MYR0.68 next resistance. However, a fall below MYR0.565 invalidates the bullish bias.
Source: RHB Securities Research - 5 Apr 2024
Chart | Stock Name | Last | Change | Volume |
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Created by rhbinvest | Nov 22, 2024
Created by rhbinvest | Nov 22, 2024