Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 13 Jan 2021, 6:07 PM


Technical View- Bumi Armada Bhd

Author:   |    Publish date:

Bumi Armada Bhd (5210)

• ARMADA closed at RM0.36 yesterday.

• Recent share price movement suggests some renewed buying interest coupled with improvement on the global crude oil prices. With the brent crude oil price hitting multiple months high of above USD54 per barrel recently, we expect further buying interest on the stock.

• From the chart, resistance levels are expected at RM0.39 (R1) and RM0.45 (R2) level.

• On the downside, support levels are seen at RM0.33 (S1) and RM0.28 (S2).

Source: Rakuten Research - 8 Jan 2021

Share this
Labels: ARMADA

Related Stocks

Chart Stock Name Last Change Volume 
ARMADA 0.425 +0.005 (1.19%) 89,531,800 

  Be the first to like this.
loyalok https://klse0.i3investor.com/blogs/rakuten/2021-01-08-story-h1539230533-Technical_View_Bumi_Armada_Bhd.jsp
08/01/2021 9:53 AM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program

438  558  583 

Top 10 Active Counters
 XOX 0.07-0.01 
 GFM-WC 0.165+0.035 
 ASIAPAC-WB 0.095+0.05 
 KGROUP 0.045-0.005 
 DNEX-WD 0.315+0.025 
 DNEX 0.64+0.025 
 ASIAPAC 0.165+0.02 
 MINETEC 0.205+0.005 
 GOCEAN 0.060.00 
 GFM 0.34+0.025 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!