Friday, December 4, 2020

Technical Analysis Dec 2020: ARMADA (BURSA: 5210)



BUMI ARMADA BERHAD 

Observation from Chart:- 

ARMADA rebound from RM0.21 to RM0.385 high. (+RM0.175)

Today formed shooting star candlestick.

Will it retrace down to FIBO 61.8% level? 

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

Immediate support @ RM0.35 level. 
Subsequent support @ RM0.32 level.

Immediate resistance @ RM0.385 level
Subsequent resistance @ RM0.41 level. 

Let's watch closely Disclaimer.

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