RHB Retail Research
Technical Analysis - Hibiscus Petroleum
Hibiscus Petroleum
Hibiscus Petroleum may rise higher after posting a long white candle and hitting its 7-month high. In view that the 21-day SMA line will likely begin turning upward, this is an indication of a positive sign. A bullish bias may appear above the MYR1.03 level, with an exit set below the MYR0.93 threshold. To the upside, the near-term resistance is at MYR1.17. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 28 Aug 2018
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