RHB Retail Research
Trading Stocks - Bumi Armada
Bumi Armada may rebound further after it tested MYR0.45 support in its latest session. This candle has sent the stock to its highest close in more than a week, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.475 level, with an exit set below the MYR0.45 threshold. Towards the upside, the immediate resistance is at the MYR0.55 mark. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 23 Dec 2019
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