QL Resources is still staying above the MYR8.00 support, which is a positive sign. As the stock has formed a long white candle above the rising 21-day SMA line, this has enhanced the bullish sentiment. A positive bias may emerge above the MYR8.20 level, with an exit set below the MYR8.00 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 - 3 Feb 2020