AmInvest Research Reports

Stocks on Radar - QL Resources

Publish date: Thu, 30 Jun 2022, 10:44 AM
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QL Resources may trend higher after it surged to an 8-month high and closed above the RM5.25 resistance (the April high)
yesterday. As the 20-day and 50-day EMAs have confirmed their bullish crossover a month ago, the stock looks positive in the
near term. A bullish bias may emerge above the
RM5.25 level, with a stop-loss set at RM4.98, below the 50-day EMA. Towards
the upside, the near-term resistance level is seen at
RM5.70, followed by RM5.80.

Entry : RM5.25–5.35
Target : RM5.70, RM5.80
Exit : RM4.98

Source: AmInvest Research - 30 Jun 2022

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