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HIBISCUS PETROLEUM BHDHIBISCUS PETROLEUM BHDHIBISCUS PETROLEUM BHD

HIBISCUS PETROLEUM BHD

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HIBISCS trade ideas

HIBISCS - Re-Accumulation in progress?Hi Possible Wyckofff Reaccumulation phase in this counter A - a major support turned resistant line 1 -Preliminary Supply 2 - Buying Climax 3- Automatic Reaction 4 - Spring on light volume Up move from 4 to 5 - minor Sign Of Strength /Jumping Across Creek 6 - No Supply bar From 2 to 5 , volumes had decreased which may indicate gradual accumulation by Smart Money The rally from 4 to 5 was associated with increasing volume , followed by reducing volumes during the reaction from 5 to 6. I'm looking forward for price to rally again up till the upper line B. If price manage to rally and close above B in strong increasing volume , it may indicate major Sign of Strength and price may mark up further. Trade at your own risk.
MYX:HIBISCSLong
by Forever_Learner
8) hibiscus - top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank... technical : let's look at some price action... after a huge "head-and-shoulder" pattern, hibiscs has been tru a gap down in mid-March, and a slow, rebound has occurred... recent move, hibiscs is in asymmetrical triangle pattern, breaking to the upside is RM0.71-0.76 resistance while to the downside, is the RM0.55 support level... current support : RM0.55 lower support : RM0.40-0.25 resistance : RM0.71-0.76 Overall, hibiscus is still in consolidation phase, breakout to either side shall signal us a buy or a sell... WARNING : this is juz a trading idea...trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ** this is trade 88)
MYX:HIBISCS
by HAIDOJO_trading
Hibi Monthly BoDMonthly Chart :- Hibi shows strong buying interest around 0.6 +We are just first week into June and the volume is already half of previous month's volume. +Price crosses above 0.66 and triggered Fast Turtle Buy and BoD signal. (Price need to stay above 0.66 for BoD signal to stay) +Looking at past historical trend, price will advance approx $1 every time BoD with +ve FIFT and Stochastic crossing above Oversold region happen. =However, currently no buy signal from ATOM yet which might indicating the price might ranging. Energy sector :- Friday night we are seeing XLE gap up (bullih kicking breakout) and advance 7%+.. strongest sector. Marathon Oil Corporation, NYSE:MRO , has similar price movement to Hibi, jumped 17%. Daily chart :- +Closed gap around 0.7 and retrace as expected (refer to my previous analysis) - This is normal behaviour. +Price retrace and tested Fibo 0.382 several time. +Last friday we are seeing huge volume push the price above month high 0.66 Price need to break above 0.7 to advance to next level. Based on monthly chart analysis and energy sector's movement, high chances that Hibi will gap up. If this happen, wait for retest around 0.72 or look for BoD opportunity at lower timeframe.
MYX:HIBISCSLong
by kgiap123
13