Rakuten Trade Research Reports
Technical View - QES Group Bhd (QES, 0196)
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Publish date: Thu, 19 Sep 2019, 10:06 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
QES Group Bhd (0196)
- QES closed unchanged at RM0.19 yesterday.
- Share price which have been on downtrend for a prolonged period, seemed to have found a bottom earlier this month and has rebounded with higher-than-average trading volume in the past trading sessions. This could suggest trend reversal with renewed buying interest on the stock to propel it higher.
- As such, resistance levels are expected at RM0.210 (R1) and further to RM0.22 (R2).
- On the contrary, support levels are identified at RM0.175 (S1) and RM0.165 (S2).
Source: Rakuten Research - 19 Sept 2019
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