RHB Retail Research
Trading Stocks - QL Resources
QL Resources may climb higher after it formed a third consecutive white candle yesterday. 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 MYR7.90 level, with an exit set below the MYR7.55 threshold. Towards the upside, the immediate resistance is at the MYR8.50 mark. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 19 Dec 2019
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