Bull and Bear

[ HIBISCS ] _ Hot Stock Of The Day _ 9-Feb-18

Hot Stock Of The Day 
9-Feb-18 #HSOTD 
HIBISCS
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Hibiscs, second top volume of the day
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lets see what we can read from the chart!
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/918038298356038/?type=3&theater

 

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it has been from a 0.40 rally up all the way to recent high 1.17...
currently trading at 0.81..
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Long Term view:
slightly Bearish
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Mid Term View :
Bearish
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Short Term View:
Bearish
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Resistance to watch
1.00 , 1.10 , 1.17
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Support to watch 
0.74 , next 0.66
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indicator
Moving Average : mixed to bullish
MACD : Slightly bearish - weakening
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0.66-0.74 is a good demand zone..
Overall Trend are slightly bearish to consolidation mode...... bull will have chance to fight back as long as demand zone holds..
SL if support fails to hold..
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For short term traders.. may consider to enter at Demand Zone and exit at Resistance
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We are Slightly bearish on this counter... waiting for more bullish confirmation.
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Disclaimer :

Please be informed that our stocks pick are solely for education purpose ; it is neither a trading advice nor an invitation to trade.

For trading advice, please speak to your remisier or dealer representative.

you are responsible for your own risk management
Do Your Own Due Diligence 
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May the trend be with you!
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Trade Safe!

 

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Discussions
Be the first to like this. Showing 5 of 5 comments

OrlandoOIL

Knn don't trade d TA buy d FA

2018-02-09 17:39

OrlandoOIL

Hibiscus is a FA counter

2018-02-09 17:42

Mohd Fahmi Bin Jaes

Oil down

2018-02-11 19:38

Shahrizal Sukri

we will see more down side before oil price can pick up...FA not really matters during this period. Next week will see lower volume due to CNY and continuous selling foreign fund.

2018-02-11 19:46

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