Kian Leong,
When the price yesterday noon was at 5.74, I was debating the SL or not to.
I decided not to.

When afternoon came, the price was even lower. That caused me to interpret that the next day may go even lower. The teaching of the chartist that there is a break of support.

On hind sight, it turned out to be a false alarm! I should have ( all the should haves are fit the future round. But must bear in mind history may not repeat itself. It may turn out to be the opposite of what you predict) taken the rebound to mean that the confidence is coming back.

I did the SL ALSO DUED to my previous experience that when it broke the support of 6.17, 6.06 and all the way down to stabilise at 5.84.

Kian Leong Lim,
Yes, absolutely!

The chart is only a history record of the sum total of the transactions done. It is meant to be a tool to guide.

At the point of the run you have to have a game plan base on your perception and prediction.

Hopefully, we are correct more than we are wrong.

Price movement for today

Today Armada opened at 1.06, peaked at 1.07, went down low at 1.01 in the morning session.
Went to peak again at 1.07. Only to come down to 1.03 and ended at 1.05.

Tradings were mainly done between 1.03 to 1.06. Not much at 1.07, very little at 1.01. Even though I queued at 1.01, didn't catch it. Managed to get some at 1.02 in the morning. When I queued at 1.02 again, the price never returned, instead it reversed up fro, 1.03 in the afternoon to end at 1.05..

A total of 64 million shares exchanged hands. Even toward the last 10 minutes, there were 2 million done at 1.05.

Managed to sell at 1.04, 1.05, 1.06 , 1.07 and bought back a little at 1.02.

Tomorrow try to sell 1.12, 1.13 and to buy back at 1.03, 1.02, 1.01. ( the prices may change depending on the actual market tomorrow . Will adjust accordingly on the spot during the run.)

It will most likely to start with bid1.05:1.06 ask

Depending on the market, a multiple factors plus human fear and greed, the prices will move up, down and sideway. The shares will be done within a range of extremes of 2sen to 20sen or even more. However for this share it will likely to swing between 4 to 8 sen. As for today 6 sen swing up and down.

Expected further upward price increase after a sudden surge on last Friday. Yesterday was a breather, I hope today and tomorrow to have more upward increase of price to TP?
Will we be disappointed if this surge loses steam like Monday.

If recent history drop of 50 to 70 sen were a guide, I expect the following 2 more days of fall to around 5.30 to 5.10 by Wednesday .
I will not be caught by surprise if it even get below 5, in a worst case scenario .
By Wednesday, we should have a clearer picture where the price will be.
Then, I will consider buying at the low.

Win123,
Did you take any action?
Stop loss or buy low to average down?

From recent history major drop of 50 to 70 sen.
IF , a big if history is a guide....
Yesterday drop of 30 sen.
Today and tomorrow I expect it to drop another 40 sen to 1.60 by Wednesday.
By then, should be able to buy some.

From recent history of the major fall in price of between 20 to 50 sen, this past 3 trading days the price has fallen around 36sen, I expect the price variation to reduce at lease for the moment- a few days.
The violent falls usually take 3 days- 3 red candle sticks downward.

I am looking forward to buy more slowly if the price fall some more , to start selling slowly as the price rise above 1.06 and more.

Robbin 123,
To me the price has fallen for 3 days, according the the candle stick chart, I expect the movement of the price up and down to be reduced tomorrow and also Wednesday .

Today the price drop substantially . The candle stick chart showed the first red candle. Just waiting for two more days the see the next to downward red candles downward.

Did not expect it to drop so much.
Bought at 2.23 and sold at 2.33 recently.
Glad that I did not keep it for long term at such a time like now.

Win188,
My average buying price was 6.152.
In the morning when the selling price at 5.72, I was struggling, debating to SL or not.
Buy afternoon, I knew for sure I must proceed to stop loss.

I managed to finally Stop Loss , sold some at 5.66 and all the rest at 5.62 during trading at last time, near to 5pm.

Managed to buy at 1.01, trading at last price, a few minutes before closing.

http://www.kinibiz.com/story/stock-stalk/123817/bumi-armada-a-long-way-to-a-rebound.html

Read this to find out more.

Look like 2016 only the company will do better.

Meanwhile, those with a lot of stock in hand have only to stop loss now to buy back cheaper later!

Easy to say but difficult to do!

It was down 1.12!

Monday will be another down!

Tomorrow
Open 1.29
High 1.31
Low 1.20
Close 1.21