HIBISCS
Theme: Oil & Gas
Rst: 0.705
Spp: 0.66
Bullish charge from RB breakout continued, with the support of widening BB, breaking through Fibo Ext first tier resistance at 0.705 is possible.
Berdasarkan chart , pergerakan chart telah membentuk satu pattern cup dalam satu tempoh yang lama . Hibiscus sangat berpaut pada harga Brent crude oil dimana sedang dalam fasa uptrend . Chart juga dilihat dalam satu proses consolidation yang lama . Boleh diperhatikan kerana di kala ini ekonomi dunia dalam proses recovery . Target price adalah 0.86 yang merupakan...
MYX:HIBISCS and NYSE:MRO moving in similar pattern.
If MRO able to close with solid green candle above 5.2, then chances for Hibiscus to close above 0.54 is pretty high
HIbi Technical chart
Above EMA50. Still downtrend.
ATOM Buy
FiFT +ve
Slow Turtle Buy above 0.545
Hi
Possible Wyckofff Reaccumulation phase in this counter
A - a major support turned resistant line
1 -Preliminary Supply
2 - Buying Climax
3- Automatic Reaction
4 - Spring on light volume
Up move from 4 to 5 - minor Sign Of Strength /Jumping Across Creek
6 - No Supply bar
From 2 to 5 , volumes had decreased which may indicate gradual accumulation by Smart...
1. Oil and Gas stocks are going to fly, kindly fasten your seat-belt.
2. First margin of rise is fulfilled, with 100%, with filled-up the big gap.
3. Recently, price has pulled back and standing solid in the area.
4. Second uptrend impulse-wave is coming soon, with breakout of previous High and continue rising with momentum.
