ARMADA is getting stronger. HHHL + breakout from sideway. tp 0.93 #ARTTpick #KebayaTrader
Potentially back to uptrend if UKOIL Rebound to USD 80 Target 1 @ forward PE 5x And Second Target @ Forward PE7.5x
Armada the real gem of O&G counters. Once break 0.435 may retest 0.575, CL 0.37
Consider 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 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!
Based on the technical analysis, I'm expecting AARMADA to go up and test the near-resistant level soon. TAYOR!
ARMADA 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...
It may pullback and continue the journey to the North?
ARMADA will continue uptrend after hit strong support at 0.395. My expected tp 0.525
ARMADA price structure seem completing its corrective move since March 2020 low. Price might revisiting history low in next few months...
Pls refer to 1D chart & 1H chart - Buy Support 0.45 - TP R1- R4 Tayor !!!
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....
Price 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:...
Note - There is some bullishness in this counter. Suggestion on the chart.
BUY - 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...
MYX: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.