RHB Retail Research
Technical Analysis - QL Resources
QL Resources was testing the MYR7.10 level lately. A bullish bias may be present above this point with a target price of MYR7.50, followed by MYR8.00. The stock may take a breather if it cannot breach above the MYR7.10 mark in the near term. Support may be found at MYR6.66, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 24 Oct 2018
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