Vitrox Corp Bhd (Vitrox) is experiencing a surge in bullish momentum, as it broke through its resistance level, according to a report by RHB Investment Bank Bhd (RHB Research). The stock registered a long bullish candlestick and closed above the RM3.35 resistance mark, signalling a strong bullish setup.

With this renewed momentum, Vitrox is expected to climb further, testing the RM3.65 resistance level, and potentially reaching as high as RM3.90. However, RHB Research warns that if the stock falls below the RM3.15 support level, a correction phase could resume.

In other market movements, Steel Hawk Bhd is showing signs of extending its upward trajectory. The stock surpassed the RM0.33 resistance, printing a bullish candlestick and indicating robust positive momentum. Following this breakout, RHB Research predicts follow-through price action, with the stock set to test the next resistance at RM0.35, and possibly advancing to RM0.37.

Nevertheless, the report cautions that if Steel Hawk dips below the RM0.305 support level, the bullish setup would be invalidated.