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Gerald Koh Stock Charts

Author: Gerald Koh   |   Latest post: Sun, 2 Jun 2019, 9:45 AM

 

Hibiscus (5199): Support at RM1.09

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After 22nd March post, Hibiscus gaped down on Monday and closed lower at RM1.05. It could be an upthrust since the previous day volume was high. However, the next 5 days narrowed trading ranges indicated the stock had potential to go long again. On 2nd April, the long position was proven with gap up and the stock rallied to RM1.24.

RM1.09 support

The support was tested on 17th April and the secondary test on 3rd March. The secondary test is corresponded with the WTI Crude Oil price. Currently crude oil support at USD61. I reckon the crude oil price will continue to rally next week. Hibiscus would be a good buy since it is producing oil. Cut lost below RM1.09.

Labels: Hibiscs

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Labels: HIBISCS

Related Stocks

Chart Stock Name Last Change Volume 
HIBISCS 1.08 -0.02 (1.82%) 14,492,700 

  Be the first to like this.
 
Icon8888 Cut loss if drop below 109 ?

If everytime drop few cents then start cutting loss, how many stocks can you do it ?

Have you heard of death by thousand cuts ?

If Long term fundamentals ok, why bother cutting loss at all ?

For me, Cut loss is a nonsense concept
06/05/2019 6:51 AM
BigsmallTalk Recomen cut loss
Preserve your capital
No worry
Fight again next round
Dont chase
Opprtunity will come
06/05/2019 12:14 PM
Haw Liao mad dog donald come liao...

buy the fear, value investing

hahaha
06/05/2019 12:48 PM
Gerald Koh I did not predict Mr. Market (Donald) to say something today. Today gap down good chance to grab.
06/05/2019 3:47 PM


 

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