RHB Retail Research
Technical Analysis - Hibiscus Petroleum
Hibiscus Petroleum was testing the MYR1.08 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.15, followed by MYR1.21. The stock may take a breather if it cannot breach above the MYR1.08 threshold in the coming sessions. Support may be found at MYR0.975, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 4 Dec 2018
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