QL Resources surged past the RM8.35 resistance in its latest session, challenging its all-time-high level. With an RSI above 60%, it may continue to climb above the resistance price and move towards its short-term target of RM9.00 followed by RM9.45. Support is anticipated at RM8.08, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout RM8.35
Target: RM9.00, RM9.45 (time frame: 3-6 weeks)
Exit: RM8.08

Source: AmInvest Research - 17 Feb 2020