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Bumi Armada

August 20th, 2019 by dimpledbrain

  1. Without looking at the quarterly financials due latest by 31 August, this chart itself spells weaknesses
  2. One might think it has bottomed up and therefore represents a good buying opportunity but as at today there is nothing to say demand has come back in
  3. At best it will still be moving sideline for the next 3-6 months
  4. I will be looking at the RM0.30 level, which is an important Resistance line
  5. Let’s check back in 3 months’ time how accurate is this
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