Nott Invest

QES - Technical Analysis

Nott_Invest
Publish date: Tue, 06 Jul 2021, 11:05 PM
Nott Invest Analyses

QES

Sector: Industrial Products & Services

QES share price has been on an uptrend since Jan 2021. With record high quarterly net profit posted on 19 May 2021, QES posed a strong rally and hit an all time high (RM 0.975) today. QES share price has been retraced from its peak and closed at RM 0.905 today with immediate resistance at RM 0.945 and immediate support at RM 0.89. Higher high and higher low were formed. QES can be monitored and wait for retracement. The immediate support at RM 0.89 could be used as a reference to join the rally.

Reason to Monitor: Breakout from Resistance at RM0.89 and Good Prospects as indicated in recent QR report.

 

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