• 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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