Stock with Momentum: Bumitama Agri

March 4, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Bumitama Agri Ltd (SGX:P8Z), whose price action indicates a bullish trend.

Below are some key highlights from the technical report.

  • Market Position: Bumitama Agri is designated as a ‘Technical Buy’ at the last price of S$0.645.
  • Entry Prices and Support Levels: Suggested entry prices are S$0.645, S$0.630 and S$0.610, with key supports at S$0.630 and S$0.600.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$0.60, with resistance points at S$0.65 and S$0.68.
  • Target Prices: The analysis sets target prices at S$0.68, S$0.70, S$0.73, and S$0.78.
  • Company Overview: Bumitama Agri manages oil palm plantations in Indonesia, with primary business activities including processing fresh fruit bunches (FFB) and producing crude palm oil (CPO) and palm kernel (PK).

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.