AmInvest Research Reports

Stock on Radar - Steel Hawk (HAWK)

AmInvest
Publish date: Fri, 06 Dec 2024, 02:45 PM
AmInvest
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Steel Hawk (HAWK | 0320)

Last Price: RM0.51 | Technical Call: BUY

Technical chart: HAWK

Support 1: RM0.50Resistance 1: RM0.55
Support 2: RM0.45Resistance 2: RM0.60
Shariah Compliant: YesSector: Energy

Steel Hawk may trend higher after it broke above the key RM0.50 resistance and hit a new all-time high yesterday. The stock also broke out from the 2-week bullish rectangle pattern, likely indicate that the near-term bullish trend may persist. A bullish bias may emerge above the RM0.50 level with stop-loss set at RM0.44, below the 5 Dec low. Towards the upside, near-term resistance level is seen at RM0.55, followed by RM0.60.

Entry: RM0.50-0.51

Target: RM0.55, RM0.60

Exit: RM0.44

 

Source: AmInvest Research - 6 Dec 2024

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