14 February 2018, Wednesday, 7.05pm Singapore Time
Attached is the Technicals for Hibiscus Petroleum. It is ranked as the number 3 position in the top 8 must-buy stocks in Malaysia KLSE for 2018, 2019 and 2020 (see: http://donovan-ang.blogspot.sg/2018/01/commodities-cyclical-upturn-to-come.html). My first batch of buys in Hibiscus Petroleum was 0.26 in October 2016 and 2nd batch were 0.46 in April 2017 during when I had forewarned that these trades and investments will give me +500% to +1000% returns (see past analysis track records as attached: https://donovan-ang.blogspot.sg/search/label/Hibiscus%20Petroleum). This was pre-warned together with my fore-warnings of crude oil rock bottoms in 1H-2016. Hibiscus looks set to give close to +1000% returns for me on my first batch of buys and +500% returns on my 2nd batch of buys when my target price as calculated above hits. I will be adding a 3rd batch at current prices.
The green circled region shows where smart monies added even more buys using average up approaches, something that only smart monies, hedge funds, Jesse Livermoore, Soros and me will do. We do average ups, we never go for average downs. The series of volume flows illustrate how the tide of volumes pushed the price to higher ground. Impulsive volume of buys were met with corrective volume of sells that were done by retail day traders and retail investors who do not know what they are doing. The high volume in February has been the VOLUME ABSORPTION OF STOCKS ALL OVER MALAYSIA by smart hands and transfer of hands to other strong hands. The buying is coming back.
As the milestone pivot was deliberately created just before the February's extremely high fear with high VIX, this milestone is important for setting the next target price. The next target price of Hibiscus can now be calculated to be 2 x Milestone Pivot = 2 x 1.16 = 2.32. This represents a more than +100% upside of profits for Hibiscus and is similar to the extremely high upside that Hengyuan Refining Company has.
The Donovan Norfolk Technical Rating:
Past Hibiscus Analyses and Track Records:
(These trenders will continue to go trending up powerfully and widen the gap from the pack)