RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum has likely completed its 2-weeks retracement, and is ready to resume its uptrend – it re crossed above the 21-day SMA line in the latest session on strong volume. A positive bias is expected to appear above MYR0.67 with resistance levels expected at MYR0.75 and MYR0.80. This bias would be nullified if MYR0.67 support fails.
Source: RHB Securities Research - 8 Mar 2021
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