ARMADA maybe can go up to 0.93ARMADA is getting stronger. HHHL + breakout from sideway. tp 0.93
#ARTTpick #KebayaTrader
ARMADA trade ideas
Trending together with UkOILPotentially back to uptrend if UKOIL Rebound to USD 80
Target 1 @ forward PE 5x
And Second Target @ Forward PE7.5x
ARMADA IN EW ABC CORRECTIVE ZONEConsider ARMADA which appears to have rebounded from EW ABC corrective zone at fibo1.414 perhaps fueled by the prolonged Russia-Ukraine war. CL below 52-week low and TP at pivot point.
ARMADA: Target 0.55Armada in on correction. Collection buyer volume will appear soon. If this happen it will possibly move forward and testing 0.55 in the near term!
TAYOR!
BUMI ARMADA: HIGH POTENTIAL TESTING NEAR TPBased on the technical analysis, I'm expecting AARMADA to go up and test the near-resistant level soon.
TAYOR!
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.
ARMADA still bullishARMADA will continue uptrend after hit strong support at 0.395. My expected tp 0.525
ARMADA. The Boom or The Doom of "Oil & Gas"? 19/8/21ARMADA price structure seem completing its corrective move since March 2020 low. Price might revisiting history low in next few months...
Rounding Bottom breakout or forming the handle?Bumi Armada formed a rounding bottom but couldn't break the 50 cents resistance yesterday. Crude oil price are also hovering at resistance after a cup and handle breakout earlier.
Perhaps if the rally continues for oil price it will spur Bumi Armada to go higher. If the breakout is not successful, very likely it will form the handle for the next breakout. Let's see what Mr Market says.
ARMADAPrice 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 !!!
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
BUMI ARMADA DOUBLE BOTTOM BODMYX:ARMADA
DOUBLE BOTTOM
SUPPORTED BY EMA 50 + FAST TURTLE BUY
FiFT BOD TURTLE
MCDX BANKER SPIKE UP WITH 75% BANKER
REMARKS: ENERGY COUNTERS SOMETIME FOLLOW OIL PRICE SOMETIME DON'T.
SAME LIKE LADIES HARD TO PREDICT.
ARMADA - Sustaining BullARMADA
Theme: O&G
Rst: 0.54
Spp: 0.45
Solidly supported by Fibo Ext 100%, candle continues to forge above upper BB means the upside will further unleash towards next Fibo level soon, since nothing is blocking the momentum now.
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.
ARMADA - Tweezer BottomARMADA
Rst: 0.395
Spp: 0.335
Tweezer bottom formation emerged from long term trendline BO neckline, if coming candles continue to form above this trendline (refer to chart), that's positive signal of trend continuation.
