Kenanga Research & Investment

Highlights / Stock Picks of the Day - Hibiscus Petroleum Berhad ("HIBISCS”) – BUY

kiasutrader
Publish date: Fri, 04 Oct 2013, 09:42 AM
Yesterday, HIBISCS advanced 10 sen to RM1.90. Consequently, the share price has just confirmed a “Bullish Flag” formation amid higher trading volume. This indicates that the share price is poised for a continuation of its prior uptrend. Should the bullish momentum continue, we reckon that HIBISCS could potentially extend its rally towards RM2.55 next. To take a more conservative stance, we suggest that traders aim to take profit at RM2.39, which represents 3 bids below the 138.2% Fibonacci Projection Target Level (RM2.42). Meanwhile, a stop-loss should also be placed 3 bids below the recent low at RM1.74, potentially offering an attractive 3.1x reward/ risk ratio. 
 
Source: Kenanga
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Be the first to like this. Showing 22 of 22 comments

Fortunebull

Ha! TP too low!

2013-10-04 10:33

ganasai

that tp is for trader. For investor, they should wait until december.

2013-10-04 10:45

Fortunebull

December minimum 3! I wont sell even at 5!

2013-10-04 10:45

ganasai

formal announcement regarding got oil or not should be around december. This is the chance to get rich in 3 months!

2013-10-04 10:47

Fortunebull

Ganasai! Yes! Strike oil! The only counter for sure make fortune!

2013-10-04 10:49

hotbiz

So many cock & bull talk here, wonder which idiots will believe those TP ? Or maybe you guys are day dreamers ?

2013-10-04 17:59

CityTrader

success begins with a good dream.. alot of impossible things have happened.

2013-10-04 18:05

Fortunebull

Hotbiz! Idiots are the ones catching Sersol!

2013-10-04 19:10

TESSA

endless possibilities..:)

2013-10-04 19:17

p911

stoll can buy??

2013-10-05 12:39

acg_80

hotbiz....i will find your post online in dec....ha ha. we see who stupid.....you want to invest like pro, go read and understand the entire corporate announcements and actions taken by the owners and new investors who are lining up to enter into the company under private placements. some ppl do their homework, if we tell you everything, wht we get??? i dont care whether other ppl profit, but do your own homework!!!!

2013-10-05 12:42

acg_80

ganasai it seems you're in the know...dont waste your breath, we dont need ppl to follow and chase up as most the free float is already been wiped out, when it announces their news, it will shoot enough, question is do we take our profits our hold and wait for another two years, i expect it to be pushed to RM 20 in 3 years, but we need to be carefull as this company is very dependent on Ken, and if anything happens to him, it will stop being a growth stock and could drop in value

2013-10-05 12:47

acg_80

tessa your right

2013-10-05 12:48

hepitrade

Acg80.... Why relate tis counter with Ken? I'm beginner... Stil confusing on some conversation... But u n fortune bull conversation reli motivating me....

2013-10-06 00:42

hepitrade

I wonder how u all be able to catch the first news and interpret it in short period.... Brilliant

2013-10-06 00:44

hepitrade

Any advice? Willing to listen.. Thanks

2013-10-06 00:45

almufathal

wahhhhh....everybody is really interested in Hibiscus...

2013-10-06 02:15

dfsbipohsch

Still can go in

2013-10-06 10:07

1Superman

Is grandpine recommending and cause many promote this share right now?

2013-10-06 10:14

hepitrade

Dfsbipohsch...Like kenanga said we take profit at rm2.39 only?

2013-10-06 12:20

soows8469

No. Hold it

2013-10-06 13:50

Kong Belinda

Oil or no oil, we follow experts tp,got point ,eg hohup n muhibbah case

2013-10-12 20:05

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