Nott Invest
QES - Price Consolidation
Nott_Invest
Publish date: Mon, 22 Nov 2021, 12:24 AM
QES
Sector: Industrial Products & Services
Analysed on 21/11/2021
After hit the historical high at RM0.975, QES is now having rest mode. QES is traded at RM 0.76 on last Friday with immediate resistance and support at RM0.815 and RM0.725 respectively. Pricing is consolidating in rectangle pattern. Resistance and support are tested multiple times and retraced/ rebounded. There is no clear indication yet whether QES will move in upward or downward trend. Investors shall exercise caution if the immediate support is broken. Considering current price level, it is 7.2% gain and 4.6% loss to hit resistance at RM0.815 and support at RM0.725 respectively.
Reason to monitor: Price Consolidation
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