BUMI

Totally got no idea about what's going on with B7...

These days, their firms are doing a lot actions in order to reduce their debt, like right issue, debt restructuring, etc. One word to describe their stocks is "DOWNTREND". No doubt that even no analysis is put in their chart, people will roughly say that it's downtrend. Even in a downtrend time, we can still trade a bit to earn some cash dough.

As it's analyzed that BUMI might correct a bit at the next trade, beware that it might go down. This stock might go up for short while & more probably to go down in mid-term to long-term.

Look at the chart where it might show you a rebound will happen.

The support trendline is quite valid as tested for several times & it rebounded. We can use this momentum to speculate. The other thing is that 2100 is the strong support. As most indicators are bending upward, use this momentum to earn a bit. Remember don't put too much on it.

Rating: Speculative Buy, Buy at: 2000-2150, TP: 2300-2400, Remember don't put too much on this stock.

Happy Trading^^
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