BUMI ARMADA BERHADtecnical: not yet perfect
fundamental: improving. not sustaning yet
good to be put in watchlist first
ARMADA trade ideas
Target LONG for ARMADAARMADA target for long area SNR H4 , SL will be below sideway H4 . Wait for PA reversal form before enter market
BUMI ARMADA BERHAD (MYX) -Long IdeasBUMI ARMADA BERHAD (MYX) -Long Ideas, wait for the price reach the value areas
Armada - Buy Up momentum resume and may break previous high soon
(Disclaimer: for demonstrate own planned trade records study only, not for recommend to buy or sell. Please message me for the further detail trading plan)
Armada, Berjaya Tak Buat New High Atau Terus Breakout.Just for Wacth/ study case..not buy call.
View H4 only High Low, New HH New HL like as ABC.
TP 1 = 0.310 - 0.325.
TP 2 = 0.350
SL = 0.205
ARMADA- price to lower upto 0.215. Good buy price. price to lower upto 0.215. Good buy price.
Price to test 100.m.a at 0.280
Bumi Armada - short-term bounceMYX: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 0.245. The overall bear market is still hanging over any potential recovery.
ARMADA 20/02/2020Daily downtrend broken with a push of bullish engulfing can created a higher high, as long the price no broken 0.365 still consider good.
ARMADA, Consolidation at High 23.6% Fibonacci LevelBias: 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!
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Bumi Armada is still below Supply AreaA small experiment with Supply & Demand with Malaysia stock. MYX:ARMADA
<TradeVSA> Bumi Armada - Confirm Pullback with Spring ?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
ARMADA Trend continuation after bearish divergence.
Bullish scenario, high probability
Corrected to 0.465, with hidden bullish divergence. (green line)
TP1 0.645
TP2 0.73
bearish scenario, lower probability
ABC correction, TP 0.360
ARMADA LONG(WAIT UNTIL PRICE MOVE TO TARGET BOX)THE BEST WAY IF TO WAIT UNTIL PRICE RETRACE FIRST.
AVERAGING EACH OF YOUR ENTRY FOR MM
Time for ARMADA To Enter Into Markup Phase?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 thrust rather than a breakout with a stop below 0.24.
<TradeVSA> Weekly Breakout by Bumi ArmadaBased 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 trying to mark-up by testing the resistance. The latest weekly bar successful closed above all the Up-Thrust bar at resistance. Price likely to move and test the previous support around RM0.66. Take note if any Up-Thrust appear as price will have pullback soon.
Daily chart shows the similar trading setup with long period of accumulation after mark-down stage. In the daily chart, we do notice the shakeout on the weak hand holders towards the end of the mark-down stage. With the recent Line Change, the price managed to break higher than resistance and previous false breakout area.
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
