RHB Investment Research Reports
Trading Stocks - Bumi Armada
rhbinvest
Publish date: Fri, 05 Apr 2024, 10:11 AM
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
Malaysia
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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 poised to resume its uptrend rebound after testing the MYR0.60 immediate resistance recently with strong trading volume above the 21-day SMA line. If it manages to reclaim the immediate resistance, the stock will trend higher towards the MYR0.63 resistance, followed by the MYR0.68 next resistance. However, a fall below MYR0.565 invalidates the bullish bias.
Source: RHB Securities Research - 5 Apr 2024
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