AmInvest Research Reports

Stocks on Radar - QL Resources (7084)

AmInvest
Publish date: Tue, 24 Sep 2019, 09:09 AM
AmInvest
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QL Resources retreated after failing to break above the resistance price of RM7.08. With the RSI level above 66%, the uptrend momentum may resume if it breaks above RM7.08 in upcoming sessions. If this happens, its short-term target price will be RM7.28 followed by RM7.46. Support is anticipated at RM6.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM7.08

Target: RM7.28, RM7.46 (time frame: 3-6 weeks)

Exit: RM6.90

Source: AmInvest Research - 24 Sept 2019

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