Yesterday, the closing price of HIBISCS breakout TC. Based on EPRAF, the price will rise when it successfully breaks the highest price of TC. Let's see the performance of HIBISCS this week.
Hibiscus - Perhaps this might run too as their QR recently was good. May set 0.93 area as support & let's see if 1.01 able to break cause once that happen, it will run higher here. All this might happen when brent did rebound from those support area.
Comment for weekly chart:
1) TrendX+ indicator - candlestick still swing below trendline, however mid-term trendline has turned green, but it depends on weekly close as it could turn red again
2) DDX+ indicator - the share price moves up in the past few weeks is considered an oversold rebound. Monitor if DDX+ candlestick can breakout red trend cross...
Price is currently at demand area as the priced might forming strong support around RM0.805 - RM 0.83.
The price has broke out the downtrend channel on 26/07/2022. Could HIBISCS starts to reverse for uptrend?
Potential entry:
1) RM0.805 - RM0.83
2) RM0.72 - RM0.74 (Best entry for long-term)
Resistance:
RM0.905 / RM1.03
Support:
RM0.805 / RM0.72
Disclaimer:...
Hibiscs continues edging higher and found support at 1.29. We are positive for further upside movement towards 1.61. Resistance is seen on the red horizontal lines.
Read disclaimer.
Fundamentally sound,reducing QOQ but increasing in YOY sales and profit.Currently price just breakout the horizontal line of cheat setup with high volume.
Sign of Strength in the chart:
1. Reaccumulation stage
2. Gap up with Strength
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Support: 0.81
CUTLOST 0.77
Resistance: 0.86/0.91
Hibiscus Petroleum Sdn Bhd is a Malaysian oil and gas E&P; company which developes small oil and gas fields in the South Asia, South East Asia and Oceania regions by Upstream oil and gas activities consisting of exploration, development and production of oil and gas resources. Hibiscus Petroleum Berhad was...
This is to show an indicator for between assets. A value of one means perfect correlation and a value of negative one means perfect negative correlation.
