QES Group is poised for a technical breakout after rebounding off the 21-day SMA line and climbing towards the immediate resistance level of MYR0.715. If a breakout happens above this level, the counter will trend higher towards MYR0.75, followed by MYR0.80. However, a fall below the MYR0.645 support level would negate the bullish setup, as the counter would then be trading below the SMA line.
Source: RHB Securities Research - 5 Jun 2024
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