RHB Retail Research
Technical Analysis - QL Resources
QL Resources may climb higher after posting a white candle and hitting its new 52-week high. Last Friday’s candle can be viewed as a continuation of the bulls extending the rebound from 3 Sep’s “Bullish Harami” pattern. A bullish bias may emerge above the MYR6.10 level, with an exit set below the MYR5.80 threshold. To the upside, the immediate resistance is at MYR6.50. This is followed by the MYR7.00 level.
Source: RHB Securities Research - 18 Sept 2018
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