Technical Analysis Jan 2012: 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.
3. Stochastic %K no obvious signal.

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

Let watch closely...