RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum is expected to continue the recent rebound after it hit the MYR0.685 immediate resistance yesterday on strong trading volume. If a breakout happens above that level, the bulls may resume and accelerate towards the next resistance of MYR0.73, before marking the 52-week high level of MYR0.785. However, falling below the MYR0.655 support may trigger a downtrend.
Source: RHB Securities Research - 30 Sept 2021
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