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!

 

continuallybebas: Tanah Secupak: Harapan untuk Kampung Kepayang

continuallybebas: Tanah Secupak: Harapan untuk Kampung Kepayang: Oleh: Hafiz Zainuddin Tanah Secupak dalam Festival Dokumentari Finas ke 3 Tanggal 25 November lalu Continuallybebas telah menghantar penyer...

Petronas set to expand role in Turkmenistan

Petronas set to expand role in Turkmenistan

Bravo....its about time we upped our investment in this CIS nation, once touted as
'The Next Great Game' - in geopolitical terms (& oil) by none other than the CIA & KGB!
I'm glad I have had a small pioneering contribution in an IDB consulting assignment
way back in 1998 (during 'the you know what!') - as a project expert - trained &
provided consulting to The State Bank for Foreign Economic Affairs of Turkmenistan
(TFEB/Vnesheconombank). Among the biggest projects appraised was for the mega
project - 'Modernisation of the Turkmenbashi Oil & Gas Refinery'...among others.

Wasaalaaaam,


ArifinLatif Consulting
Kuala Lumpur
8 Dec 2011

Speculative interest in penny stocks rising

Speculative interest in penny stocks rising

Hibiscus inks oilfield deal

Hibiscus inks oilfield deal

Hibiscus speeds up drill time

Hibiscus speeds up drill time
This reminds me of the Jabiru oil find story in Timor Sea - during my ANU days... go for it, Malaysia Boleh!

KOPITIAM TALK & INTELLECTUAL DISCOURSE: THE HIBISCUS STORY

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!

Yup, Hibiscus-WA is in the TOP 3 - its a cheaper trading strategy to leverage on the parent stock!

KOPITIAM TALK & INTELLECTUAL DISCOURSE  
(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....

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!

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!