Hibiscus Petroleum Bhd.
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Hibi Monthly BoD

941
Monthly Chart :-
Hibi shows strong buying interest around 0.6
+We are just first week into June and the volume is already half of previous month's volume.
+Price crosses above 0.66 and triggered Fast Turtle Buy and BoD signal. (Price need to stay above 0.66 for BoD signal to stay)
+Looking at past historical trend, price will advance approx $1 every time BoD with +ve FIFT and Stochastic crossing above Oversold region happen.
=However, currently no buy signal from ATOM yet which might indicating the price might ranging.

Energy sector :-
Friday night we are seeing XLE gap up (bullih kicking breakout) and advance 7%+.. strongest sector.
Marathon Oil Corporation, $NYSE:MRO, has similar price movement to Hibi, jumped 17%.

Daily chart :-
+Closed gap around 0.7 and retrace as expected (refer to my previous analysis) - This is normal behaviour.
+Price retrace and tested Fibo 0.382 several time.
+Last friday we are seeing huge volume push the price above month high 0.66
Price need to break above 0.7 to advance to next level.


Based on monthly chart analysis and energy sector's movement, high chances that Hibi will gap up.
If this happen, wait for retest around 0.72 or look for BoD opportunity at lower timeframe.





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快照

Hibi fail to break 0.7 instead it gapped down but supported by trendline.
No Fast Turtle Buy signal at BoD area.
It's critical for hibi to stay above 0.55
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快照

BOD Fast Turtle BoD 0.645 bouncing from trendline
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Need to break above .675 to advance.
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REPLAN
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快照

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