RHB Investment Research Reports

Trading Stocks - QES

rhbinvest
Publish date: Mon, 08 Jan 2024, 02:44 PM
rhbinvest
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QES broke past the immediate resistance, confirming a bullish setup. We observe that the stock has climbed above the MYR0.53 resistance to chart a “higher high” bullish candlestick. The momentum should propel the stock towards the next resistance of MYR0.55, followed by MYR0.57. Meanwhile, falling below the MYR0.51 support would signify a false breakout and kick start a bearish phase.

Source: RHB Securities Research - 8 Jan 2024

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