Tuesday, November 17, 2020

Technical Analysis Nov 2020: ARMADA (BURSA: 5210)



BUMI ARMADA BERHAD

Observation from Chart:- 

ARMADA consolidate sideways since March 2020. 

Will it breakout resistance level? 

Other indicator:- 
MACD moving toward positive region, uptrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate support @ MA20 level.
Subsequent support @ sideways support line.

Immediate resistance @ sideways resistance line. 
Subsequent resistance @ RM0.35 level.

Let's watch closely Disclaimer.

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