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