RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum may rebound further after it tested the MYR0.89 support lately. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.95 level, with an exit set below the MYR0.89 threshold. Towards the upside, the immediate resistance is at the MYR1.03 level. This is followed by the MYR1.09 level.
Source: RHB Securities Research - 11 Sept 2019
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