Rakuten Trade Research Reports

Technical View- QES Group Bhd (0196)

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Publish date: Mon, 16 Nov 2020, 08:52 AM
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QES Group Bhd (0196)

• QES closed 3.2% or 1 sen higher to RM0.32 last Friday.

• Chart-wise, share price is currently trading above all key moving averages while key technical indicators are showing positive momentum with improving buying support. Hence, it is likely to see further upside.

• From here, resistance levels are seen at RM0.37 (R1) and RM0.405 (R2) level.

• For the downside, support levels are at RM0.28 (S1) and RM0.24 (S2).

Source: Rakuten Research - 16 Nov 2020

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