AmInvest Research Reports
Stocks on Radar - QL Resources (7084)
AmInvest
Publish date: Tue, 24 Sep 2019, 09:09 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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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