Wednesday, November 6, 2019

Technical Analysis Nov 2019: HIBISCS (5199)


HIBISCUS PETROLEUM BERHAD 

Observation from Chart:-

HIBISCS (5199) keep on retest strong resistance level.

How about this round? Will it breakout & go higher?

Other indicator:-
MACD at negative region, downtrend itinerary.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.00 level.
Subsequent resistance @ RM1.04 level.

Immediate support @ RM0.925 level.
Subsequent support @ RM0.89 level.

Let's watch closely.

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