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HIBISCUS Petroleum Bhd extended its rally for a third straight session on Monday but remains trapped below a descending trend line.

The share price has been on a downward trend since hitting a 2019  high of RM1.25 in the first week of April as the stock entered a correction phase.

The downtrend has been staggered with several attempts to rise above the trendline although the challenges have been unsuccessful thus far.