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ARMADA declined by 1 sen or 5.1% to RM0.185 yesterday.
After reaching a high of RM0.25 recently, ARMADA has since plunged 40% to a low of RM0.15 before recovering to current level. Following the news on potential loan deals for debt restructuring, we believe the selling would ease, hence some price recovery from current level.
Should it able to break past RM0.20, resistance levels are expected at RM0.210 (R1) and further to RM0.245 (R2)
Meanwhile, support levels are found at RM0.165 (S1) and RM0.160 (S2).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....