RHB Investment Research Reports
Trading Stocks - Bumi Armada
rhbinvest
Publish date: Tue, 08 Oct 2024, 09:46 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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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 continue the upside movement after breaking past the resistance on strong volume. The stock charted a fresh bullish candlestick and closed above the MYR0.50 resistance, showing the bullish momentum is now gaining speed. Riding on this momentum, the counter is eyeing to test the MYR0.53 level, followed by the MYR0.55 mark. On the flip side, falling below the MYR0.48 support negates the bullish setup.
Source: RHB Securities Research - 8 Oct 2024
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