Saturday, January 17, 2015

Technical Analysis Jan 2015: ARMADA (5210)

BUMI ARMADA BERHAD

Observation from Chart:-

ARMADA forming ascending triangle pattern.

Will it breakout RM1.22 resistance level?

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

Immediate support MA20 support level.
Immediate resistance @ RM1.22 level.
Subsequent resistance @ RM1.28 level.

Let's watch closely......

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