Technically, Hibiscus is approaching trendline around RM0.46.   With momentum from favorable Brent Oil movement, Hibiscus is well positioned to break out to challenge RM0.51, then RM0.55.  I don't intend to discuss lengthly on Techincal outlook as there's plenty of commentary on this aspect. Brent Oil movement aside, is there other catalyst of Fundamental nature that could potentially drive Hibiscus ahead? I intend to share some insight (facts and figures)  on the propoed acquisition of the North Sabah PSC EOR PSC in my subsequent post. Stay tuned !

Disclaimer: For education purpose only, not a recommendation to buy or sell. 

p/s: Hibiscus just break 0.46 before posting of this article!