Bumi Armada may decline further if it closes below the psychological RM4.00 level today. A position can be liquidated below RM4.00, with supports expected at the 5-month supports at RM3.85 and RM3.66. Failure to close below RM4.00 would suggest that buying may return, but this is only confirmed on a close above RM4.10. Strong resistance lies at the April high of RM4.50.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4407 views | 4 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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