[BUMI ARMADA LATEST ANALYSIS] Drop hugely - avoid at all cost ?

The stock of Bumi Armada is not looking very good.

The stock gap down.






Moving Average

Still uptrend. However, as the price has broken down the support for the Moving Average 50, it can go lower.


Relative Strength Index

The RSI is at oversold zone.

It may bounce back at any time.







Heikin Ashi Candlestick Chart


The Heikin Ashi is showing a downtrend signal.

Suggest investors wait until the uptrend signal comes back.







Reference:
https://malaysiainvestment88.blogspot.com/2020/01/bumi-armada-latest-analysis-drop-hugely.html