PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 24 Oct 2019, 9:47 AM


Technical Buy: HIBISCS (5199)

Author:   |    Publish date:

  • Target Price: RM1.05, RM1.10
  • Last closing price: RM0.995
  • Potential return: 5.5%, 10.5%
  • Support: RM0.970
  • Stop Loss: RM0.930

Possible for further upside. HIBISCS is well supported above short and medium term EMA, recovering from its congestion phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.05 be broken, it may continue to lift price higher to subsequent resistance level of RM1.10.

However, failure to hold on to support level of RM0.970 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 11 Feb 2019

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Chart Stock Name Last Change Volume 
HIBISCS 0.945 +0.005 (0.53%) 1,436,700 

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DickyMe https://i.postimg.cc/PrtMBR2L/Brent-Down-Trend.jpg

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