HIBISCS - Breakout downtrend channel. Potential reversal?

Price is currently at demand area as the priced might forming strong support around RM0.805 - RM 0.83.
The price has broke out the downtrend channel on 26/07/2022. Could HIBISCS starts to reverse for uptrend?

Potential entry:
1) RM0.805 - RM0.83
2) RM0.72 - RM0.74 (Best entry for long-term)

Resistance:
RM0.905 / RM1.03

Support:
RM0.805 / RM0.72

Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.

Kommentar:

Reach our first TP at RM 0.905.
Let's see if the price can reach the next resistance at RM1.03.

All the best and don't forget to keep supporting Ringgit Lab.

Trade geschlossen: Ziel wurde erreicht:

Congratulations! Reached our target price at RM1.03 on 26/08/2022.

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