RHB Retail Research
Trading Stocks - Hibiscus Petroleum
Hibiscus Petroleum is set for an uptrend reversal as it moved past the immediate resistance of MYR0.79 – printing a “White Marubozu” bullish candlestick. If it sustains above that level, the positive momentum may propel it towards the MYR0.83 resistance, then the MYR0.93 mark. This expectation will be nullified if it falls below the MYR0.725 support level.
Source: RHB Securities Research - 27 Dec 2021
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