RHB Retail Research
Technical Analysis - QL Resources
QL Resources’ upside move may persist after it continued holding above the 21-day SMA line. In view that the 21-day SMA line will likely be higher, this is a positive sign. A bullish bias may emerge above the MYR6.66 level, with an exit set below the MYR6.26 threshold. Towards the upside, the immediate resistance is at MYR7.20. This is followed by the MYR7.50 level.
Source: RHB Securities Research - 12 Oct 2018
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