Hibiscus - Another breakout ?

Fast Turtle Buy - Good
Breakout with volume - Good
price stay above EMA50 - Good
FiFT remain +ve (with spike) - Good
Cruide Oil Future advance - Good
ATOM stay green = Good
+ 12% since 5 May analysis.


Need to break above .545 to continue rally (Monitor).

Comment:

TP1 0.60 (Fibo .382)
TP2 0.69

Comment:

TP1 Hit.

Comment:

Nice call on this..
Buy on Dip and Fast Turtle Buy appears on 30 April with good volume.
Another fast turtle buy appear on 15 May morning with volume exceeded previous day high. Cruide Oil Future also starting to break $28.
Hibi and Dayang move in same pattern but i choose Hibi over Dayang simply because Hibi already breaks above EMA50.

Target1 Hit @ 0.60 for 22% since 4 May.
Expect to pull back before another uptrend move.
If breaks above 0.6, then close gap 0.70 will be the next target

Trade closed: target reached:

Closes with Shooting star candle (Bearish Candle).
Next candle need to stay above today low in order to overcome Shooting Star candle.
0.70 target still possible but take note on 20 May Crude Oil Inventories event which may impact price movement...