RHB Retail Research
Technical Analysis - QL Resources
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QL Resources may rise higher after recording a higher close vis-a-vis the previous session and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR5.80 level, with an exit set below the MYR5.58 threshold. Towards the upside, the immediate resistance is at MYR6.20. This is followed by the MYR6.50 level.
Source: RHB Securities Research - 27 Jun 2018
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