Freelance consultant in various fields drawn from/ based on a wide range of expertise ~ spanning over 33 years of professional services ~ benefiting international and local clients...
HAVE TOOLS WILL TRAVEL... Its a Financial Jungle Out There ~ Sharpen Your Grey Matter!

Wednesday 21 December 2011

Kopitiam Talk & Intellectual Discourse: How high is high for HIBISCUS Petroleum, in the medium term?

TTDI, Dec 22, 2012 -- Let's have a quick look at the charts for yesterday's closing ok? Since this is just a Kopitiam Talk, let me make it a quickie for your eyes to glance... at my charts, so here it goes guys & gals..... its BULLISH for both the mother stock, Hibiscs as well as its warrant -- with both finished within the top 20 active counters.

1. For HIBISCS => closed at 94 sen (+17.5 sen or 22.9%), next target pegged @ 99 sen to RM1.14!


Technical indicators point towards a BULLISHNESS tone over the the medium term for both mother stock and its warrant. 
These include such alerts from both Advanced GET and MetaStock charts....viz;


Candlestick's classical bullish alerts...

 Candlevolume and Equivolume studies...

2. For HIBISCS-WA => closed at 52 sen (+6.5 sen), next target pegged @ 64 sen to 79 sen!
 

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