HIBISCUS PETROLEUM BHD 11/4/21

HBCS TARGET LONG ENTRY :

Technical Bias :
1) Channel trend is bull
2) New High formed at TF D1
3) ABC wave is formed @ LAST SUPPORT
4) 3mountain reversal pattern appear at targeted reversal price

Fundi Bias :
1) Sentiment Covid-19 vaccine distribution might boost economy
2) A good economy required a good and stable oil price
3) 1.270-1.370 is a stable oil price for active economy

Money Management Bias :
1)P/L ratio 1:5
2) Stop Loss / Exit price if price break below 0.635 + Formation Of Candle W1

Psychology Bias :
1) Trade Tf D1 + W1
2) Trade period 1week to 1month



P/S :
1)never place all money in 1basket