RHB Retail Research
Trading Stocks - Hibiscus Petroleum
At the time of writing, Hibiscus Petroleum was testing the MYR0.85 threshold. A bullish bias may be present above this point with a target price of MYR0.90, followed by MYR0.945. The stock may consolidate further if it cannot breach above the MYR0.85 level in the coming sessions. Support may be found at MYR0.79, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 4 Feb 2020
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