RHB Retail Research: Bumi Armada could signal a rebound

RHB Retail Research says Bumi Armada Berhad was seen attempting to cross above the MYR0.265 resistance point.

In a trading note, the research house says an upside breach of this level could signal the rebound which resumed following the retesting of the MYR0.21 support level is extending.

“Towards the upside, resistance points are expected at MYR0.285, followed by MYR0.325.

“A stop-loss can be placed below MYR0.245,” it says.

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