Nott Invest

QES - Retracement to Support level

Nott_Invest
Publish date: Sun, 24 Oct 2021, 05:02 PM
Nott Invest Analyses

QES

Sector: Industrial Products & Services

Analysed on 24/10/2021

 

QES did not managed to sustain its uptrend after reaching its year high at RM 0.975. This is potentially due to QES’s quarterly result (Q2 2021) could not meet the expectation from investors. EMA25 has crossed and stayed below EMA50 which provides an indication that QES is on downtrend. QES share price is supported above RM 0.725 with decreasing trading volume. Should QES drop below its support, investors are advised to exercise caution.

 

Reason to monitor: Retracement to Support level

 

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