QES

Sector: Industrial Products & Services

As highlighted in our analysis last week, QES can be monitored and wait for retracement. QES share price has retraced and broken its support at RM 0.890. QES share price is currently traded above EMA25 with immediate resistance at RM 0.89 and immediate support at RM 0.795. At current price (RM 0.825) considering immediate resistance (RM 0.890) as the profit taking point, the potential reward % is 7.75%, while considering immediate support (RM 0.795) as the stop loss point, the potential risk % is 3.73%.

Reason to Monitor: Price is supported above EMA25 and Good Prospects as indicated in recent QR report.

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