HIBISCS - Breakout downtrend channel. Potential reversal?
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: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
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: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
Trade closed: target reached:
Congratulations! Reached our target price at RM1.03 on 26/08/2022.
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Let's see if the price can reach the next resistance at RM1.03.
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