KLSE (MYR): HIBISCS (5199)
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Last Price
2.03
Today's Change
+0.03 (1.50%)
Day's Change
1.99 - 2.04
Trading Volume
4,117,400
2024-11-30
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maxprofit2020
1,161 posts
Posted by maxprofit2020 > 2022-07-19 18:19 | Report Abuse
it is a waterfall downtrend. 1) MA50 cross below MA90 drop from RM1 to RM0.785 = done last wk. 2) next wk MA50 going to cross below MA200, there will be another sharp drop . 3) the final drop will be MA90 drop below MA200, estimate will happen by end this month/early next month. it is the fear of worldwide recession due to high inflation.