Trading Stocks - Hibiscus Petroleum | I3investor

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RHB Retail Research

Trading Stocks - Hibiscus Petroleum

rhboskres

Publish date: Thu, 30 Sep 2021, 09:37 PM

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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