RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum may move higher after it continued holding above the MYR1.10 support. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.18 level, with an exit set below the MYR1.10 threshold. Towards the upside, the near-term resistance is at MYR1.30. This is followed by the MYR1.36 level.
Source: RHB Securities Research - 9 Mar 2019
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