RHB Retail Research

Technical Analysis - QES Group

rhboskres
Publish date: Wed, 26 Sep 2018, 04:53 PM
rhboskres
0 9,021
RHB Retail Research

QES Group may climb higher after forming a white candle and hitting its new 52-week high. In view of the positive slope of the 21-day SMA line, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.33 level, with an exit set below the MYR0.30 threshold. Towards the upside, the immediate resistance is at MYR0.37. This is followed by the MYR0.40 level.

Source: RHB Securities Research - 26 Sept 2018

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