QES Group broke past the resistance level of RM0.22 in the latest session. With the momentum indicator RSI above 50%, it may continue to move towards the target price of RM0.245 followed by RM0.265. If it dips below RM0.22, expect a sideway consolidation again. In this case, support price is anticipated at RM0.20, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.22

Target: RM0.245, RM0.265 (time frame: 3-6 weeks)

Exit: RM0.20

Source: AmInvest Research - 11 Jun 2019