HIBISCS: Short term BuyBuy confirmation if break above Down Trend Line with the target price of 0.495.
HIBISCS trade ideas
HIBISCUS! Can it achieve Psychological Resistance of RM1.00?Congrats everyone who followed on the recent analysis including OPCOM, WCEHB, ARMADA, DSONIC and more by ShareWorldConsulting. Do follow ShareWorldConsulting to get the first hand information. Let's continue to learn and earn.
STRATEGY - PRICE VOLUME ANALYSIS:
HIBISCUS, RM0.950 acts as the immediate support and RM0.940 acts as the firm breakout support. After the big spike on 13/12/19, share price consolidated for one-week period. During retracement, the volume decreased healthily, indicating a good signal.
Last trading day, share price made a successful breakout with volume on the triangle consolidation zone and the breakout momentum caused another spike!
What's next?
HIBISCUS is expected to achieve the Psychological Resistance of RM1.00 in a short period of time after breaking the immediate resistance of RM0.975., which gives a potential 5.3% return of investment.
Collect when it retraces for risk adverse market participants.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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HIBISCSC 19/12/2019Daily downtrend form and waiting breakout as entry conformation, if break the trend line can consider chase for 15-20% return. as next year full year off take will be 10 (1,2,3,4) for respective quarter.
HIBISCS (5199) Taking Off to NorthHIBISCS (5199)
Golden Crossover formed on February 2019 based on the 3 lines.
Consolidating below its Midpoint price RM1.06 for a month.
Today the breakout above its Midpoint signify further rally ahead.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.
Who have the best setup? Techbond & HibiscusStrength / Weakness in the chart
1. TechBond
a. Failed Breakout
b. Dropped below accumulation
2. Hibiscus
a. Re-test support
b. Waiting for confirmed strength
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
08 Nov '18 Hi need to be hold for bear HIBISCS (5199) Detail @ the Chart..P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Hibiscus - Confirmation of Weakness at ResistanceWeakness in the chart:
1. Pullback in downtrend
2. Sell-Off bars with high volume
3. Upbars with low volume
4. Lots of Up-thrust at resistance level
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
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
Hibiscus - Weaknesses have appeared in the chart!Weakness as below:
1. Pullback in downtrend
2. 2 Up-Thrust signals at the resistance
3. Lack of interest by Smart Money
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
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"...
Hibiscus petroleum Bhd looks weakAs per Weekly chart of Hibiscus petroleum Bhd trend in falling wedge with narrowing in downward slope. Till it not break 1.10 on upside we can expect stock can slide to 0.980-0.930.
HIBISCSQ3 result would be a big catalyst for HIBISCS. PE is at 7-8 right now.
Zone to watch would be 0.985 and 0.940 respectively. Quite bullish on this one
HIBISCUS: 200ma mainkan Peranan Sokongan KRITIKALHIBISCUS
Mengikut MACD, pada 10 Oktober 2018, telah terjadi satu silangan jual, dan sehingga kini, HIBISCUS masih lagi bergerak turun.
Kalau di lihat pada pergerakan harga, harga sedang menuju ke 200ma di paras 96.5 sen, persolan nya adalah, apakah harga akan tembus sokongan 200ma, atau akan memberi reaksi positif dan naik kembali seperti yang terjadi di masa masa lepas.
kemungkinan untuk harga kembali naik itu memang ada, tetapi apabila melihat pada RSI di paras 36, ini mencadangkan momentum kejatuhan adalah kuat.
kesimpulan nya adalah, trend harga HIBISCUS sedang jatuh, dan belum ada lagi tanda tanda akan perubahan terhadapa arah pergerak kan harga. apa yang ingin di lihat selepass ini adalah, apakah harga akan di sokong kuat di paras 200ma (96.5sen)
Paras sokongan historikal 75sen berkemungkinan adalah sasaran harga semasa. hanya satu kemungkinan.
Halatuju Mingguan HibisBerdasar carta mingguan hibis....
1. ema52 sebagai support dan cutloss level
2. Tunggu rsi jatuh ke area 30 dan melantun naik semula untuk entry
3. Support dan resistant di OBV .. jika break support tidak sesuai untuk entry
5199: Hibiscus Petroleum Cup and handle formation 5199: Hibiscus Petroleum Cup and handle formation. Next resistance at RM1.15 and higher.
A classic Volume Spread Analysis Setup - Hibiscus (5199.KL)
There are lots of indications of hidden potential buying from Smart Money based on Hibiscus daily chart above. 5 main signals you shouldn't miss in this chart:
1. 9 months of re-accumulation level as Smart Money is slowly removing the supply
2. A strong background (mark up) before the re-accumulation
3. Major Sign of Strength at the support level (NS bar on 13 Feb follow by Spring and Line Change) indicates Smart Money are buying at the lower prices
4. Increasing volume with line change at the resistance level show Smart Money are ready to push the price up after remove all the supply
5. Price successfully broke above the previous resistance by Pushing Through Supply level on 25 September 2018 with gap bar.
HIBISCUS : Accumulation near to end ??Assending triangle pattern.. Volume decreasing ??
Potential moving up if break above the triangle ...
SHORT / MEDIUM TERM TRADE - HIBISC - UPTREND CHANNELHIBISC, a profitable company, chart is uptrending. Resistance at T1 with stoploss at / below S1. if break T1, next potential resistance is T2. Price is trading within uptrend channel.
