? Trading Idea: BUMI ARMADA BERHAD

BUY/LONG: +/- RM0.50

SL: RM0.335 (33.66%)

TP1: RM0.57 (14%)

TP2: RM0.62 (24%)

TP3: RM0.66 (33%)

TP4: RM0.725 (45%)

TP5: RM0.82 (62%)

REASON: The stock is currently bouncing off the lower trendline of an ascending channel at RM0.50, offering a strong risk/reward opportunity. Oil prices are showing volatility due to geopolitical tensions and the ongoing war, which could push energy stocks higher. Bumi Armada, being in the oil & gas sector, could benefit from rising oil prices. Momentum indicators like the MACD and RSI are also supportive of a potential upside.