Rakuten Trade Research Reports

Technical View - QES Group Bhd (QES, 0196)

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Publish date: Mon, 02 Mar 2020, 02:18 PM
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QES Group Bhd (0196)

• QES ended 1 sen or 5.7% lower to RM0.165 last Friday.

• Share price has hit its 52-week low of RM0.16 on the past trading sessions. However, we believe the stock is oversold and may potentially make a rebound from current level.

• From here, resistance levels are expected at RM0.18 (R1) and further to RM0.20 (R2).

• Likewise, strong support level is first expected at RM0.16 (S1) and then further to RM0.15 (S2).

Source: Rakuten Research - 2 Mar 2020

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