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Hibiscs

HIBISCS - Faces resistance aheadComment for weekly chart: 1) TrendX+ indicator - candlestick still swing below trendline, however mid-term trendline has turned green, but it depends on weekly close as it could turn red again 2) DDX+ indicator - the share price moves up in the past few weeks is considered an oversold rebound. Monitor if DDX+ candlestick can breakout red trend cross resistance 3) MCDX+ indicator - banker bar (red) getting stronger when HIBISCS breakout resistance B with high volume showing a strong trend over there, while majority of retailer bar (turquoise) still taking control 4) Lookout for resistance at Neckline A, if HIBISCS fall below Neckline A after a false breakout pattern formed, the TP is 0.605 in the downtrend. Support & Resistance: R : Neckline A S : Point (d) 0.605 DISCLAIMER : Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
MYX:HIBISCSShort
by TheWinningDay
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
HLong
by sothye
For Education : HIBISCUS PETROLEUM BHD (MYX:5199)(Frequency of Winning x Average Size of Win) - (Frequency of Losing x Average Size of Loser) = Risk (.40 x 3) - (.60 x 1) = (1.2 - .6) = .6 Risk Unit...Trading is about math and risk management...The gist of the model is that you must keep your losses small and let your winners run. Indeed, many successful traders target a 3:1 or 4:1 relationship between winning trade profits and losing trade losses. Say you begin testing your trading rules, and you see they win with a frequency of 40%. In other words, you are wrong more than half the time. You also notice that your winners are three times the size of your losers. Should you follow this model or not? How are you going to make money if you're wrong 60% of the time? What will your friends say? Worse, what will your spouse say? All of this chatter is part of your emotional system that can be calmed down by taking a look at the math. Here's how: (Frequency of Winning x Average Size of Win) - (Frequency of Losing x Average Size of Loser) = Risk (.40 x 3) - (.60 x 1) = (1.2 - .6) = .6 Risk Unit The Mathematical Expectation formula shows that you can have confidence following your trading model because "on average" the rules make money (i.e., the formula’s result is a positive number) even though you lose more frequently than you win. It's important to note that it's the combination of keeping your losers small and letting your winners run that makes this work. You can’t "wait and see" if your losers will come back to become large winners. That happens between rarely and never. If you're an investor, that might be a different story, but we're keeping this discussion to trading leveraged instruments in commodity futures . Credit to CME
MYX:HIBISCS
by SteveTan
For Education : HIBISCUS PETROLEUM BHD (MYX:5199)Mark Douglas on Chart Patterns: We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern “now” is different by even one person from the group that created the pattern in the past, then the outcome of the current pattern has the potential to be different from the past pattern.It takes only one trader, somewhere in the world, with a different belief about the future to change the outcome of any particular market pattern and negate the edge that pattern represents. The most fundamental characteristic of the market’s behavior is that each “now moment” market situation, each “now moment” behavior pattern, and each “now moment” edge is always a unique occurrence with its own outcome, independent of all others. Uniqueness implies that anything can happen, either what we know (expect or anticipate), or what we don’t know (or can’t know, unless we had extraordinary perceptual abilities). A constant flow of both known and unknown variables creates a probabilistic environment where we don’t know for certain what will happen next. This last statement may seem quite logical. Why Most Demo Trades result is very much better than "real" money?!"...To be a Consistently Profitable Professional Trader you need to acquire a psychology skill called "Trading without Fear" a carefree state of mind in trading.. In The Zone/In the flow state of mind ..."Mark Douglas :Trading In The Zone : Professionals don't perceive anything about the market as painful; therefore, no threat exists for them. If there's no threat, there's nothing to defend against. As a result, there isn't any reason for their conscious or subconscious defense mechanism to kick in. That's why professionals can see and do things that mystify everyone else. They're in "THE FLOW", because they're perceiving an endless stream of opportunities, and when they're "NOT IN THE FLOW". the very best of the best can recognize that fact and the compensate by either "SCALING BACK" or "NOT TRADING AT ALL"...
MYX:HIBISCS
by SteveTan