QL Resources retreated after failing to break above the resistance price of RM7.25. With an RSI level above 50%, the uptrend momentum may resume if it breaks RM7.25 in upcoming sessions. If this happens, its short-term target prices are RM7.52 and RM7.70. Support is anticipated at RM7.07, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM7.25
Target: RM7.52, RM7.70 (time frame: 3-6 weeks)
Exit: RM7.07

Source: AmInvest Research - 30 Oct 2019