Sunday, December 4, 2011

Technical Analysis Dec 2011: ARMADA (5210)



BUMI ARMADA BERHAD

Observation from Chart:-

ARMADA retest MA20 support level again.

Will it rebound?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. No reversal candlestick been formed.
3. Stochastic %K not yet trigger BUY call.

Uncertainty is there.
If break down MA20 support, may look for MA50 support, RM3.67 level.

Let watch closely...

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