Steel Hawk (HAWK | 0320)
Last Price: RM0.51 | Technical Call: BUY
Support 1: RM0.50 | Resistance 1: RM0.55 |
Support 2: RM0.45 | Resistance 2: RM0.60 |
Shariah Compliant: Yes | Sector: 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
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Dec 20, 2024
Created by AmInvest | Dec 19, 2024