HIBISCS - Breakout downtrend channel. Potential reversal?
Updated
Price is currently at demand area as the priced might forming strong support around RM0.805 - RM 0.83.
The price has broke out the downtrend channel on 26/07/2022. Could HIBISCS starts to reverse for uptrend?
Potential entry:
1) RM0.805 - RM0.83
2) RM0.72 - RM0.74 (Best entry for long-term)
Resistance:
RM0.905 / RM1.03
Support:
RM0.805 / RM0.72
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
The price has broke out the downtrend channel on 26/07/2022. Could HIBISCS starts to reverse for uptrend?
Potential entry:
1) RM0.805 - RM0.83
2) RM0.72 - RM0.74 (Best entry for long-term)
Resistance:
RM0.905 / RM1.03
Support:
RM0.805 / RM0.72
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
Note
Reach our first TP at RM 0.905.Let's see if the price can reach the next resistance at RM1.03.
All the best and don't forget to keep supporting Ringgit Lab.
Trade closed: target reached
Congratulations! Reached our target price at RM1.03 on 26/08/2022.Don't forget to follow us to get more trading idea.
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