BUMI ARMADA

Sector: Energy (Energy Infrastructure, Equipment & Services)

Analysed on 21/11/2021

 

 

BUMI ARMADA is traded at RM 0.49 on last Friday with immediate resistance and support at RM 0.545 and RM 0.465 respectively. As long as higher lows are formed, the uptrend is intact. EMA 25 is still stayed above EMA 50. Investors shall monitor closely on the movement of oil price as weakness in oil price will hurt share price performance. Considering current price level, it is 11.2% gain and 5.1% loss to hit resistance at RM0.545 and support at RM0.465 respectively.

 

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