QES (Not Rated)

• QES rose 2.0 sen (+13.33%) to close at RM0.170 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday with a long bullish candlestick, backed by higher-thanaverage trading volume.
• Coupled with bullish signal from MACD indicators, we believe the stock may trend higher.
• From here on, overhead resistance can be found at RM0.200 (R1) and RM0.245 (R2).
• Conversely, downside supports can be identified at RM0.140 (S1) and RM0.125 (S2).

PRLEXUS (Not Rated)

• PRLEXUS gained 6.5 sen (+10.00%) to close at RM0.715 yesterday
• Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
• Coupled with bullish signal from MACD and uptick in momentum indicator, we believe the stock could move higher.
• Should the bullish momentum persist, overhead resistance is seen at RM0.830 (R1) and RM0.920 (R2).
• Conversely, support levels are identified at RM0.620 (S1) and RM0.550 (S2).

Source: Kenanga Research - 14 May 2020