HIBISCUS Petroleum's maiden foray into O&G buys in the 3/4 UAE and Oman offshore block concessions in the Persian Gulf.
At the newswire...
24/10 - Suspension of trading pending an announcement.
27/10 - Lifting of suspension, re-trading of the stock saw active trading - with its warrant in Top 5 most active!
27/10 - Lifting of suspension, re-trading of the stock saw active trading - with its warrant in Top 5 most active!
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| Yup, Hibiscus-WA is in the TOP 3 - its a cheaper trading strategy to leverage on the parent stock! |
(c) ArifinLatif Consulting - 6:59 am, 28 Oct 2011.
Lets take a quick look at the Technical Picture ~ so here it goes... with two of my charts for your comments, if you wish to....
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| Take note of the Fibonacci's timing lines and arcs.... |
(1) PTI at 32% - still has got some upside potential - before profit taking sets in. Stochastics still has momentum.... Wave 3 still in uncharted territory... a target pegged at 81 sen is possible in short/near term!
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| The bullish, green bar and the engulfing bull signals are very strong! |
(2) Bill Williams Profitunity analysis: Bullish, green bar - indicates an increasing volume and increasing MFI - a bias in the direction.... so go with the trend! Except that the close is above the Alligator... and is changing gray, so be cautious a bit!
(3) Japanese candlesticks triggered an engulfing bull on the day prior to the suspension request... definitely some news might have leaked (see my earlier blog posting)!
On that note I rest my case... and with my kopitiam (and pills) for breakfast! Have a nice and profitable day at Bursa Malaysia! Wassalaaam... oops its Friday today, don't forget the Jumaat solat!
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