QES Group breached the RM0.20 resistance in its latest session with higher trading volume. With an RSI above 60%, the shortterm momentum could reach a target price of RM0.23, followed by RM0.255. If it dips below RM0.20, it will move sideways and consolidate. Support is seen at RM0.175 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.20
Target: RM0.23, RM0.255 (time frame: 3-6 weeks)
Exit: RM0.175

Source: AmInvest Research - 17 Oct 2019