Rakuten Trade Research Reports

Technical View- Bumi Armada Bhd

rakutentrade
Publish date: Fri, 08 Jan 2021, 09:49 AM
rakutentrade
0 2,002
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

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

Related Stocks
Discussions
Be the first to like this. Showing 1 of 1 comments

Post a Comment