RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum was testing the MYR0.945 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.975, followed by MYR1.00. The stock may consolidate further if it cannot breach above the MYR0.945 mark in the coming sessions. Support may be found at MYR0.91, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 20 Dec 2019
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