RHB Investment Research Reports
Trading Stocks - Steel Hawk
rhbinvest
Publish date: Thu, 17 Oct 2024, 11:52 AM
rhbinvest
0 4,399
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Steel Hawk is looking to extend its upside movement after climbing above the resistance level. The stock surpassed the MYR0.33 resistance to print a bullish candlestick, showing that positive momentum is strong. After the breakout, we expect follow-through price action to test the next resistance level at MYR0.35, followed by the one at MYR0.37. However, if it falls below the MYR0.305 support level, the bullish setup will be invalidated
Source: RHB Securities Research - 17 Oct 2024
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