Bumi Resources (BUMI) price has been decreasing over the last week. The commodities spot price has been influencing the BUMI price movements. In the next few weeks, it is expected that BUMI stock price would be up. I drew some trend lines to support my argument technically.
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1 comment:
Well, recently the prices of oil has been pressured downwards, which impact on the commodity based stocks. BUMI also has been trading at below 5000. I think it is just a temporary issue, since fundamentally BUMI would increasing in the coming months.
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