Trading Stocks - Bumi Armada - RHB Investment Research Reports

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Author: rhbinvest | Latest post: Fri, 19 Apr 2024, 10:36 AM

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Trading Stocks - Bumi Armada

Author: rhbinvest | Publish date: Tue, 30 Aug 2022, 9:21 AM

Bumi Armada staged a bullish breakout after breaching the MYR0.40 immediate resistance with strong volume. The stock charted a “higher high” bullish candlestick, showing that the bulls are in control now. If the momentum sustains, it should scale towards MYR0.44, followed by MYR0.46. On the flip side, a fall below the MYR0.38 support level indicates a bearish bias has emerged.

Source: RHB Securities Research - 30 Aug 2022

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Labels: ARMADA

Related Stocks

Chart	Stock Name	Last	Change	Volume
	ARMADA	0.58	-0.005 (0.85%)	34,024,600

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