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BUMI ARMADA BERHADBUMI ARMADA BERHADBUMI ARMADA BERHAD

BUMI ARMADA BERHAD

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ARMADA trade ideas

ARMADA in ABC formationARMADA in ABC formation. Dipped to 0.420 cluster fibo786 on 29 Nov 2021 and thereafter consolidated above EMA200 between price range of 0.435 and 0.460. In the last couple of days, the price crossed cluster fibo618 and attempted to also cross central pivot 0.455. Probable EP would be 0.440 to retest a yearly support. Probable swing TP is at 0.545 at 52wh and R2. Probable CL would be below support level 0.390. Not and investment call. Just technical sharing.
MYX:ARMADALong
by nOtOcOndO
1
Patience is neededBUY - Need not to rush for the entry since it’s still on a short to middle term downtrend - Best possible entry should be above 445 or better, 460 when it breaks the neckline - If one wish to pick it down low, buy it when it’s still above the trendline but be ready to cut loss once it breaks the lower trendline SELL - Those who bought at the top would have lost 20% - cut loss to find better chance - Time is the real commodity here – expecting a rebound to previous high requires a 30% climb and too it wastes a lot of time RATIONALE - Resurgence of COVID makes recovery-themed stocks suffer – O&G stocks are some of them - Brent is hiking and possible hikes might be coming soon? - Longer timeframe charts are still on healthy uptrends – patience is needed - Reversal on trend is seen on longer timeframe **the analysis is solely for my own references and learning
MYX:ARMADA
by 0e8f8b19869e43618744fd693f2bd6
Bursa Bumi Armada BerhadExpecting for it to drop & make an entry at RM 0.345, might secure some share position at the price of RM 0.390 if its decided to go sideway within that zone. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MYX:ARMADALong
by Carta_aPau