Get started
KCTrader7

ARMADA

BUMI ARMADA BERHAD (MYX:ARMADA)  
KCTrader7  
MYX:ARMADA   BUMI ARMADA BERHAD
Trend Analysis Chart Patterns Technical Indicators
0
0
trendanalysis chartpattern indicator
Price closed on MA10 today, which is 0.46. As we can see the 0.485 resistance level has been tested 4 times consecutively and it fails to breakout from there. Hence, the possible reason for the retracement. Oil counters are not easy to trade, therefore please manage your risks well. If the price falls and closes below 0.45 it'll be risky.

R: 0.485, 0.5(52WH)
S: 0.45, 0.44

DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR RISK & OPPORTUNITY !!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.