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
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Nov 22, 2024
Created by rhbinvest | Nov 22, 2024