Momentum play HIBISCS follow up

On 16/Nov, I was commenting that the support 0.695 able to sustain, then there can be a momentum play, indeed the next day, she able to reach above 0.725 (which is 16/Nov high) but the white candle comes with low volume. I come to realise that there are bearish divergence shown in MACD & Stochastic. Anyway, anything in the future is uncertain, maybe she still trends up while the CI drops :).

I went to the RHBINVEST marketchat Ipoh on 19/Nov and the chartist expert (cum fundamentalist) was recommending this stock for a trading buy.

So, ONLY if itch hand wins, I may consider picking her up around 0.65~0.72 and with a small position as currently KLCI did show a very uncertain situation and pointing toward a bigger drop. So, if a position is long, then the plan is to take profit around 0.81 due the the bearish divergence issue.

So, time will tell, how she perform in these few weeks. I will do a continue follow up on her around Mid/Dec.

HIBISCS TA analysis

MACD      : Too late if to wait for her to signal. ( 8/Nov the spike up also not signal)
Stochastic  : No signal yet, still going down. Lets wait for her to be oversold.
Candle       : No bullish candle. One dark crow with high volume showing bearish.
Support      : Horizontal support at 0.71 broken, but there is still 20MA.

My opinion,
Not a good time to buy tomorrow morning, as this is like catching a falling knife. If she really want to rebound, then I say the odds is like going to Genting playing baccarat :)
Lets see how her price pans out tomorrow, if a bullish harami candle form by end of the day, then the probability of her continue uptrend will definitely increase.