RHB Retail Research
Trading Stocks - QES Group
QES Group may rebound further after it tested MYR0.20 support in recent session. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.215 level, with an exit set below the MYR0.20 threshold. Towards the upside, the immediate resistance is at the MYR0.245 mark. This is followed by the MYR0.26 level.
Source: RHB Securities Research - 25 Oct 2019
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