HIBISCS (5199) - HIBISCUS: 3 Reasons Why it is a BUY Today


  1. Oil touches 3 year high with Brent = 69.24 and Nymex at 63.48. A whopping increase of 2.15% and 2.83% overnight
  2. Chart wise, it has broken the resistance roof, and will definitely gap up and continue its journey north. Especially after the latest TP upgrade by Alliance DBS of RM1.48.
  3. The volume distribution chart below clearly shows big sharks have swam into Hibiscus at the top tier volume of >150k.
  4. Crude and NYmex oil both ended the session with a green hammer - a strong indication that the next opening session with continue the rally
Expect the opening bell rally to be very FIERCE today.