HIBISCUS! Can it achieve Psychological Resistance of RM1.00?
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STRATEGY - PRICE VOLUME ANALYSIS:
HIBISCUS, RM0.950 acts as the immediate support and RM0.940 acts as the firm breakout support. After the big spike on 13/12/19, share price consolidated for one-week period. During retracement, the volume decreased healthily, indicating a good signal.
Last trading day, share price made a successful breakout with volume on the triangle consolidation zone and the breakout momentum caused another spike!
What's next?
HIBISCUS is expected to achieve the Psychological Resistance of RM1.00 in a short period of time after breaking the immediate resistance of RM0.975., which gives a potential 5.3% return of investment.
Collect when it retraces for risk adverse market participants.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
STRATEGY - PRICE VOLUME ANALYSIS:
HIBISCUS, RM0.950 acts as the immediate support and RM0.940 acts as the firm breakout support. After the big spike on 13/12/19, share price consolidated for one-week period. During retracement, the volume decreased healthily, indicating a good signal.
Last trading day, share price made a successful breakout with volume on the triangle consolidation zone and the breakout momentum caused another spike!
What's next?
HIBISCUS is expected to achieve the Psychological Resistance of RM1.00 in a short period of time after breaking the immediate resistance of RM0.975., which gives a potential 5.3% return of investment.
Collect when it retraces for risk adverse market participants.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Trade closed: target reached:
RM0.975 target reached in 3 days time. Congrats to those who profited :)
Trade closed: target reached:
RM1.00 target reached in 8 trading days with the high of RM1.07! Congrats everyone who followed! :)