-A+A KUALA LUMPUR (June 15): RHB Retail Research said Bumi Armada Bhd is staging a strong uptrend after breaching the resistance level on improved volume yesterday.
In a trading stocks note today, the research house said that premised with a “higher low” pattern formed above the 21-day SMA line, the renewed bullish momentum above 48.5 sen (resistance turned-support) level would propel the stock towards the next resistance of 54 sen, followed by the 60 sen multi-year high.
“This expectation will be void if it drops below the 45.5 sen support level,” it said.
will reach 0.5 within 3 month. latest in august when 2nd QR out. at that time 0.5 will become strong support...it is good the price not jumping fast...slow slow up...slowly build up support...better than up fast down fast.
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strattegist
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Posted by strattegist > 2021-06-14 18:10 | Report Abuse
ala untung hey