TP = as per TP01 Line Support = as per Support Line Stop Loss = as per Stop Loss Line
The candlestick pattern shows a reversal and uptrend pattern. With the price closed above MA20. Together with MACD and OBV charts showing a high possibility of a divergence signal. High probability of long trade position when MACD and OBV charts confirm a divergence signal. To place a bid, using a VWAP as a guideline and place your bid below VWAP line. Put this in...
As for Hibiscs my position will be Long at price area 0.655-0.66. Target around 0.725 & 0.775 in extension. TAYOR
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Hibiscus Petroleum Bhd: Riding on higher crude oil prices Technical View (i) HIBISCS (S: RM0.625, R: RM0.68-0.705, LT TP: RM0.73, CL: RM0.62) Trading Catalyst • Malaysia’s first public listed independent oil and gas exploration and production firm, focusing on the development and production of oilfield assets in United Kingdom, Malaysia and Australia. •...
Based on my technical prediction using SNR and SND, I'm expecting this stock will go higher in the near term. TAYOR!
HIBISCS seems like rebounded @ 0.630 (52 weeks point of control as support after been tested thrice BUT with lower than average volume - at the time this idea is posted) It's worth to monitor the price volume action near this level to determine whether the rebound will be supported with higher than average volume and sustainable Disclaimer: This is intended to...
HIBISCS Rst: 0.705 Spp: MA50 Running with C&H formation as well, but yet to breakout from the formation. As long as it remains supported around 0.705 will be good.
HIBISCS Theme: Energy Rst: 0.705 Spp: 0.66 Bullish piercing candlestick formation, improvement is there but remain to be observed if the signal can continue to pump the stock back above 0.705. At the moment, effect of bearish MACD crossover shall have fully priced in.
the price is seen slowly walking on 20ma line, and the RSI is also above the mid level, looking at this stock price movement, there is a possibility that price is moving sideways and potentially break higher starting 1st week of June. At near 0.65 would be a good level to accumulate this stock and if it break above 0.70 in June, it could trend higher.
RSI testing level 40. Bullish Trendline. Catalyst : Gas shortage due to coming summer?
MYX: Oil Industry KIV Let's see brent oil stand above 65 hibiscus will follow?
HBCS TARGET LONG ENTRY : Technical Bias : 1) Channel trend is bull 2) New High formed at TF D1 3) ABC wave is formed @ LAST SUPPORT 4) 3mountain reversal pattern appear at targeted reversal price Fundi Bias : 1) Sentiment Covid-19 vaccine distribution might boost economy 2) A good economy required a good and stable oil price 3) 1.270-1.370 is a stable oil price...
Aggressive TP 2: 0.805 Aggressive TP 1: 0.795 Conservative TP 2: 0.750 Conservative TP 1/Resistance: 0.740 Support: 0.695 Entry : 0.725
we are taking a hit this week
Technical Analysis Price test and retrace from support at .645 ,and rising up along the uptrend channel to test previous resistance at .73. short term EMA and long term MA form very bullish upward pattern coupled with rising momentum. Next resistance R1 - .73 R2 - .81 R3 - .875 Fundamental Analysis World economy is on recovery mode with vaccine roll out...