RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum is resuming its uptrend after breaching the immediate resistance. If it sustains above the MYR0.715 resistance-turn-support level, the positive momentum may propel it towards the next resistance of MYR0.75, and subsequently, the multi-month high of MYR0.785. Conversely, if the stock falls below the MYR0.69 support level, the trend may be reversed.
Source: RHB Securities Research - 24 Jun 2021
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