RHB Investment Research Reports

Trading Stocks - Bumi Armada

rhbinvest
Publish date: Fri, 05 Apr 2024, 10:11 AM
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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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