RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum’s price performance over the latest three sessions indicate that its 1-week correction may have reached an end, and it is likely in the process of extending the rebound. A positive bias may appear above MYR0.565, with resistance levels marked at MYR0.605 and MYR0.64. A downside breach of MYR0.565 would negate this positive bias.
Source: RHB Securities Research - 21 Jan 2021
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