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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 17 Jan 2020, 9:18 AM

 

Stocks on Radar - QL Resources (7084)

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QL Resources shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM7.60. If this happens, its short-term target price will be RM8.00 followed by RM8.20. If it fails to close above RM7.60, expect a sideway movement. The support price is anticipated at RM7.40, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM7.60
Target: RM8.00, RM8.20 (time frame: 3-6 weeks)
Exit: RM7.40

Source: AmInvest Research - 11 Dec 2019

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Labels: QL

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