RHB Retail Research
Trading Stocks - 9 June 2020
Bumi Armada was seen attempting to cross above the MYR0.265 resistance point. An upside breach of this level could signal the rebound which resumed following the retesting of the MYR0.21 support level is extending. Towards the upside, resistance points are expected at MYR0.285, followed by MYR0.325. A stop-loss can be placed below MYR0.245.
Source: RHB Securities Research - 9 Jun 2020
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