HIBISCS trade ideas
26 MEI AGAKNYA MINGGU ENERGY KE ?snr
Shariah : Shariah Compliant Compliant
Sector : Energy
Sub-Sector : Oil & Gas Producers
support 0.565
HIBISCS dah habis naik atau pullback dahulu?nampak gaya Hibiscs belom ada tanda2 nak reversal buat masa ni, bergantung kepada harga Brent Oil dunia..
OIl Demand back in track.The oil demand is slowly high, due to re-open nation economy.
Expected on rise for this market.
The New Hustles For this market. The Bullish is really hard for this market, but today the resistance has been broken. And I hope that this resistance will be her supports to continue the journey to the uptrend channel.
Foresee, the new month is coming.. so I expected that a new candle will be appear. Cross finger, that the candle will be the three white soldiers.
Hibiscus - Another breakout ? Fast Turtle Buy - Good
Breakout with volume - Good
price stay above EMA50 - Good
FiFT remain +ve (with spike) - Good
Cruide Oil Future advance - Good
ATOM stay green = Good
+ 12% since 5 May analysis.
Need to break above .545 to continue rally (Monitor).
HABISCS Waiting for confirmationHIBISCS waiting for breakout confirmation to for Bullish Momentum
Breakout to watch: 0.54
S1: 0.5
R1: 0.71
HIBISCS Short term BullishHIBISCS Short term Bullish to complete the Wave#5
Could be to close up the gap
Hibiscus Rebounce making Higher LowFast Turtle buy and breaks small trendline forming higher low with strong volume
FiFT turned +ve with BoD signal.
Align to Oil Future movement
Support Zone 0.40 to 0.42
Resistance EMA50 / 0.545
Fast Turtle Buy above 0.545
<TradeVSA> Accumulation in Oil & Gas..ready for change of trend?1. Serba Dinamik
2. Deleum
3. Hibiscus
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
HIBISCS - Getting Closer to Support AreaHIBISCS
Rst: 0.465
Spp: 0.40
Getting close to its psychological support level at 40sen, selling pressure continues to diminish, lower BB will limit the stock downside.
7/4/2020 HIBISCUSbreak last high,
higher low form,
oil price recover
higher trading volume,
can chase for momentum if close lower then yesterday candle CUT.
Hibiscus Petroleum - Cup & Handle Pattern (Cont.)HIBISCUS...disebabkan malam ni Crude Oil futures telah menjunam dari USD18++ ke USD11.03 pada masa entry ini ditulis (kejatuhan dalam 41%),, berkemungkinan besar HIBISCUS pun akan terjun besok. Setakat ini, harga masih bergerak dalam lingkungan "handle". So, jom tengok apa akan jadi besok..adakah HIBISCUS akan melakukan terjunan Pandelela?
Untuk trader yang trade on weakness like me, ini adalah peluang untuk menambah pegangan stock kerana selama ini HIBISCUS bergerak dalam harga RM0.90 to RM1.00. Tapi kena beware of the falling knife. I akan follow stock ni sampai habis Covid19 disebabkan kejatuhan Crude Oil ni adalah unprecedented, paling rendah dalam 21 tahun.
Next support = RM0.410.
Pros:
1) RSI dan Stochastic = berada dalam band tengah2.
2) MA20 = candlesticks masih berada di atas line ni.
Cons=
1) Bollinger band = sudah menurun ke tengah2 dan closed dalam red candle.
2) Parabolic SAR = negatif. menunjukkan possibility downtrend.
3) MACD = menunjukkan pengurangan momentum pembelian.
Reference =
1) markets.businessinsider.com
(Ini bukan buy/sell call. Trade at your own risk)
Hibiscus Petroleum - Cup & Handle PatternHibiscus sedang melakukan pattern Cup & Handle. Sedang menunggu breakout daripada handle. Sekiranya breakout, berkemungkinan harga akan naik.
(Trade at ur own risk)
Hibiscs: Exhaustion GapI think the gap should be an exhaustion gap instead of break away gap. Currently the price already breakout the previous gap resistant point.Overall I think the gap should be closed within a week. I think it will retest current resistant point this week before the price will move higher to 0.705. EMA also already signalling a bullish signal.
Daily:
Resistant: 0.53
Support: 0.505
Pivot: 0.515
