Sunday, November 30, 2014

Technical Analysis Nov 2014: ARMADA (5210)


BUMI ARMADA BERHAD

Observation from Chart:-

ARMADA forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K at oversold stage, pending trigger buy call.

Immediate support RM1.00 psychology support level.

Immediate resistance @ RM1.34 level.
Subsequent resistance @ RM1.43 level.

Let watch closely......

0 comments:

Post a Comment