RHB Retail Research
Technical Analysis - Hibiscus Petroleum
Hibiscus Petroleum may move higher after it tested MYR1.19 support in recent sessions. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR1.27 level, with an exit set below the MYR1.19 threshold. Towards the upside, the near-term resistance is at MYR1.36. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 10 Oct 2018
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