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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Jun 2021, 9:53 AM

 

Stocks on Radar - Bumi Armada (5210)

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Bumi Armada consolidated and tested the RM0.415 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.43 and RM0.445. The downside support is projected at RM0.385. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.415

Target: RM0.43, RM0.445 (time frame: 2-4 weeks)

Exit: RM0.385

Source: AmInvest Research - 5 May 2021

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Labels: ARMADA

Related Stocks

Chart Stock Name Last Change Volume 
ARMADA 0.47 -0.01 (2.08%) 36,813,000 

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banu3119 Armada shares will it goes to .50 cents or bellow
06/05/2021 11:59 PM


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