Hibiscus Sideway

On 5^th May, the stock gapped down with 6% lost in a single day. However, the lack of follow-through on the next trading day maintained the price above RM1.00. Here, the stock fluctuated between RM1.00 and RM1.09 trading range.

On 3^rd June, a spring occurred with higher volume compared to the previous trading days. This is a good trade for short term trader. The stock rallied to RM1.13 on 1^st July with more than 10% gain in one month period.
Presently the lack of demand is causing the stock to trade below RM1.09 resistance again. I reckon the stock will test the RM1.00 support if the low volume persists. The stock is moving sideways, technically I prefer to keep this stock under monitoring list. (Click here for full picture)

http://www.geraldkohstockcharts.com/2019/07/22/hibiscus-sideway/?utm_source=rss&utm_medium=rss&utm_campaign=hibiscus-sideway