RHB Retail Research
Technical Analysis - QL Resources
QL Resources may rise higher after it formed a second consecutive white candle. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR6.08 level, with an exit set below the MYR5.87 threshold. Towards the upside, the immediate resistance is at MYR6.50. This is followed by the MYR7.00 level.
Source: RHB Securities Research - 24 Aug 2018
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