Long
HIBISCS-WC - preparation for final rally ?
In daily chart, we observed a cup and handle pattern and a possible 63% upside. RSI shows a good momentum for an upside, but with MACD being neutral.
EP 0.085
TP 0.95, 0.115, 0.130
SL 0.065
RRR 1:2.25
With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually this warrant.
Its motherstock HIBISCS considered laggard in O&G sector. With a heavy stock and large float (50% float of 1590M shares) compared to lighter PETRONM (20% of 270M shares), this adds huge friction to HIBISCS and HIBISCS-WC price action.
Point to note, this warrant is about to expire in 3 months time (expiry on march 2021), so please exercise caution when trading this stock.
TAYOR
EP 0.085
TP 0.95, 0.115, 0.130
SL 0.065
RRR 1:2.25
With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually this warrant.
Its motherstock HIBISCS considered laggard in O&G sector. With a heavy stock and large float (50% float of 1590M shares) compared to lighter PETRONM (20% of 270M shares), this adds huge friction to HIBISCS and HIBISCS-WC price action.
Point to note, this warrant is about to expire in 3 months time (expiry on march 2021), so please exercise caution when trading this stock.
TAYOR
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