RHB Investment Research Reports
Trading Stocks - Bumi Armada
rhbinvest
Publish date: Wed, 14 Feb 2024, 06:10 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Bumi Armada is attempting for a technical rebound it bounced off the immediate support, testing the immediate resistance at MYR0.55. If it manages to surpass that level, the stock may rebound higher towards the MYR0.585 resistance (highest level since 29 Sep 2023), followed by the next resistance at MYR0.63. If the price falls below the MYR0.525 support, it would signalthe beginning of a correction.
Source: RHB Securities Research - 14 Feb 2024
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