RHB Investment Research Reports

Trading Stocks - Hibiscus Petroleum

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Publish date: Fri, 13 Jun 2025, 04:35 PM
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Hibiscus Petroleum is looking to resume upside movement after climbing above the 21-day SMA line. Yesterday’s positive price action reinforces the bullish undertone, with the stock positioning itself to test the MYR1.60 resistance. Amidst rising trading volume, a bullish breakout above this level would strengthen the bullish structure and open the door for a move towards MYR1.70, followed by the higher resistance at MYR1.85. However, a fall below the MYR1.45 support would invalidate this setup and trigger a correction phase.

Source: RHB Securities Research - 13 Jun 2025

HIBISCS (5199)
Related Stocks
ChartStockLastChangeVolume
HIBISCS 1.58 +0.03 (1.94%) 2,748,300
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