(c) ArifinLatif Consulting, 9:29am, Oct 20, 2011
Taman Tun Dr Ismail, Kuala Lumpur.
HIBISCS-WA in TOP 10 most active stocks? Ironically both this warrant and its parent, Hibiscus Petroleum, the first SPAC on Bursa Malaysia has outshone the rest of the 'penny stocks/warrants' for the first time ever! It jumped 7 sen in yesterday's closing, a far cry from its lukewarm reception in late July 2011. Why is this so?
Could it be Hibiscus Petroleum has found its first foray into investment in the oil and gas (O&G) sector? Time to speculate? Read my earlier postings on my blog at ArifinLatif Consulting...
** Technically, its tracing a Wave 3.... in a 1-2-3 Elliot Wave sequence... and looks set to scale new heights in unchartered territory.
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| Hibiscus-WA looks set to scale new heights in unchartered territory.... |
Hibiscus Petroleum-WA, trending strongly for the first time ever!
** Technically speaking.... formation of the three white candles - even though not as strong as 'three white soldiers' - signals a strong uptrend (by Japanese candlesticks jargon); and the latest bar is labelled as a 'squat' while the closing is above the 'alligator' - these are important indicators, a continuation in the current momentum, in layman's terms so to speak (according to Bill Williams Profitunity analysis).
*** Personally, I saw a marked 'change-in-trend' (CIT) timing signal which occurred on 10/10/2011... 55 days after the listing ~ shades of a Fibonacci sequence unfolding itself.... i.e. a strong 'change-in-trend' begins... with the price escaping out of the zig zag channel ever since its listing.
More importantly, this is happening at a time when the global stock markets are facing an uncertain future, at least in the short to medium term.... if not signalling the beginning of the fall of Wall Street!
I have a gut feeling - in these turbulent times - small stocks/warrants are going to offer some relieve to Malaysian punters!
So, Hibiscus... kembanglah dikau seperti Bunga Raya ~ bunga kebangsaan kita di kala kemuraman ini! InsyaAllah Malaysia Boleh! (dan...Bunga Raya/Hibiscus Boleh!).
*** Personally, I saw a marked 'change-in-trend' (CIT) timing signal which occurred on 10/10/2011... 55 days after the listing ~ shades of a Fibonacci sequence unfolding itself.... i.e. a strong 'change-in-trend' begins... with the price escaping out of the zig zag channel ever since its listing.
More importantly, this is happening at a time when the global stock markets are facing an uncertain future, at least in the short to medium term.... if not signalling the beginning of the fall of Wall Street!
I have a gut feeling - in these turbulent times - small stocks/warrants are going to offer some relieve to Malaysian punters!
So, Hibiscus... kembanglah dikau seperti Bunga Raya ~ bunga kebangsaan kita di kala kemuraman ini! InsyaAllah Malaysia Boleh! (dan...Bunga Raya/Hibiscus Boleh!).
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| 55 days after the listing ~ what's in store? Shades of a Fibonacci sequence unfolding itself....??? |
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