MYX:ARMADA Armada is pretty much a directional momentum play heavily influenced by oil price movement and severity of recession caused by prolonged Covid pandemic. A near 80% fall from high of 0.54 to 0.115 places it into attractive bargain-hunting territory. I predict a 30% rebound back to 0.308 retracement level if it breaks the immediate resistance around...
Daily downtrend broken with a push of bullish engulfing can created a higher high, as long the price no broken 0.365 still consider good.
Bias: Cautious Bullish . After touching high of 0.550, price dropped and the correction stalled around the 23.6% fibonacci level. #pullback Stop-loss: 0.445 // Green MA and 23.6% fibonacci retracement. 1st target: 0.550 // Previous high as resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the...
A small experiment with Supply & Demand with Malaysia stock. MYX:ARMADA
Strength in the chart: 1. Spring 2. Mark-up stage Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
THE BEST WAY IF TO WAIT UNTIL PRICE RETRACE FIRST. AVERAGING EACH OF YOUR ENTRY FOR MM
MYX:5210 Supply has been exhausted. Potentially in phase D sign of strength (SOS) rally. A breakout above 0.285 followed by a backup action could provide a good entry. The last reaction has supply absorption characteristics. The cause built from Dec 2018 till Sep 2019 could make ARMADA a good long term campaign. Pay attention if it turns out to be an up...
Based on weekly chart, we do spot a clear change of trend with high volume. High volume started to appear on end of November 2018. This shown activities by Smart Money as they started to do accumulation after the mark-down stage. Another signal appeared in the chart at the end of April 2019 with bullish high volume. Again, this shown Smart Money are ready and...
Strength in the chart: 1. High volume line change 2. No major weakness 3. Potential Pullback 4. Waiting for green pentagon in hourly chart Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Strength in the chart: 1. Pentagon bullish signal 2. Found new support with NS signal 3. Increasing volume with line change Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Strength in the chart: 1. Accumulation 2. 2nd attempt to change the trend 3. Pentagon signal with Line Change Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Better FPSO performance has encouraged the share price of Bumi Armada. A break up above RM 0.27 may provide a higher upside for Bumi Armada
Weakness in the chart: 1. AirAsia X a. Failed breakout b. Broke below support 2. Bumi Armada a. Forming accumulation b. Weakness after Up-Thrust at resistance Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct...
If you are one of the investor holding onto this Oil & Gas stock you will see the value of this stock not going up but DOWN instead
Despite the weak financial position and poor financial performance, Armada still has a decent chance of pulling through in view of its strong management. This is helped by signs of recovery in the oilfield services sector- despite recent weakness in crude oil prices. Due to the sharp drop in share price, Armada could be a good stock to a recovery play. However,...