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15 Oct 2024: Capital A optimistic about exiting PN17 by year end, says Tony Fernandes
12 Dec 2024: Capital A to Exit PN17 Status by 1Q 2025, says Tony Fernandes
10 Mac 2025: Capital A targets PN17 exit by May, says Tony Fernandes
10 June 2025: Capital A exit PN17 the latest by the end of July, says Tony Fernandes
I believe after shifting the goal post three times, Tony is for real this time.
Announcement will be made after the market close today.
Tomorrow will limit up.
Target Price: RM1.65, RM1.71
Last closing price: RM1.55
Potential return: 6.4%, 10.3%
Support: RM1.50
Stop Loss: RM1.40
Possible for trend reversal. HIBISCS appears poised for another breakaway from its downtrend, with continued improvement in both momentum and trend anticipated in the near term. Should immediate resistance level of RM1.65 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM1.71. However, failure to hold on to support level of RM1.50 may indicate weakness in the share price and hence, a cut-loss signal.
