It is a fundamentally poor stock, as it fails most of the fundamental tests. Normally, we will not pick stocks with fundamental rating which is less than 2.5 for long term investment.
The uptrend price movement of HIBISCS is mainly caused by good financial result in the last 2 quarters. This is mainly contributed by the completion of the first infill drilling project at Anasuria and the recovery of production rate in North Sabah.
EMA 5 Crossover Hourly Chart
ADX Crossover Hourly Chart
Based on the EMA 5 Crossover and ADX Crossover Hourly Chart, sell signals are observed indicating that the sell momentum is greater than the buy momentum currently.
In our opinion, we will start to look for sell signals from the trading strategy (i.e. EMA 5 Crossover) at the moment. At the meantime, we can pay attention to the financial report of the next quarter and news from time to time to see if there is any positive catalyst to boost the share price.
To view HIBISCS’s technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/stkta/5199
To view HIBISCS’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/5199
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This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.
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Chart | Stock Name | Last | Change | Volume |
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Created by MQTrader Jesse | May 20, 2021
Created by MQTrader Jesse | Jul 05, 2019
Created by MQTrader Jesse | Jun 03, 2019
You may also want to see my first laggard O&G stock here:
https://klse.i3investor.com/blogs/dieforrich/176263.jsp
2018-10-03 23:44
diehardunited
Forget Hibiscus. I have here another lagged O&G stock you don’t want to miss!
https://klse.i3investor.com/blogs/dieforrich/176703.jsp
2018-10-03 23:39