Armada (5210) in focus

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Armada has been featured as a stock by The Edge Financial Daily’s Top 10 stocks picks for year 2017. So in today highlight I would like to dissect Armada’s move.  Currently Armada is trading at 0.76 which its first resistance and second resistance at 0.79. Currently Armada buy momentum is still very much intact. However I am waiting for some weakness to happen and the stock has to break out of the channel before I look into it. The area of trade interest would be the red box area and 0.645 is my favourite hunting place for the stock. Till then I’ll be watching it like a hawk.