Panjang
HIBISCS-WC - preparation for final rally ?
In daily chart, we observed a cup and handle pattern and a possible 63% upside. RSI shows a good momentum for an upside, but with MACD being neutral.
EP 0.085
TP 0.95, 0.115, 0.130
SL 0.065
RRR 1:2.25
With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually this warrant.
Its motherstock HIBISCS considered laggard in O&G sector. With a heavy stock and large float (50% float of 1590M shares) compared to lighter PETRONM (20% of 270M shares), this adds huge friction to HIBISCS and HIBISCS-WC price action.
Point to note, this warrant is about to expire in 3 months time (expiry on march 2021), so please exercise caution when trading this stock.
TAYOR
EP 0.085
TP 0.95, 0.115, 0.130
SL 0.065
RRR 1:2.25
With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually this warrant.
Its motherstock HIBISCS considered laggard in O&G sector. With a heavy stock and large float (50% float of 1590M shares) compared to lighter PETRONM (20% of 270M shares), this adds huge friction to HIBISCS and HIBISCS-WC price action.
Point to note, this warrant is about to expire in 3 months time (expiry on march 2021), so please exercise caution when trading this stock.
TAYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.