RHB Investment Research Reports

Trading Stocks - Bumi Armada

rhbinvest
Publish date: Tue, 08 Oct 2024, 09:46 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Following Message

Bumi Armada is poised to continue the upside movement after breaking past the resistance on strong volume. The stock charted a fresh bullish candlestick and closed above the MYR0.50 resistance, showing the bullish momentum is now gaining speed. Riding on this momentum, the counter is eyeing to test the MYR0.53 level, followed by the MYR0.55 mark. On the flip side, falling below the MYR0.48 support negates the bullish setup.

Source: RHB Securities Research - 8 Oct 2024

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