See Chart 1 & 2 under the note. * * *Settlement as of 01/08/2011, at 5:45 p.m.* Bumi Plc -1.79% down on previous levels after a steady fall. In a subdued start to the day, the security opened with a first price of 1,115, above the previous session's low, and then lost further momentum as the day unfolded, contracting towards its low of 1,100.
*Status and Trend Analysis* Analysis of the technicals reveals that Bumi Plc is headed further south to test support at 1,080.7. First resistance is at 1,133.7. Expect the downtrend to extend towards new lows around 1,061.3. *Chart 1*: Bumi Plc-Price Chart (1 month) (August 02) [image: BUMI Plc (August 01).gif] *Chart 2*: Bumi Plc-Price and Trades (August 2) [image: Bumi Plc-Price & Trades (August 01).gif] '+'
<<BUMI Plc (August 01).gif>>
<<Bumi Plc-Price & Trades (August 01).gif>>
