RHB Retail Research
Trading Stocks - QL Resources
QL Resources may rebound further after it tested the MYR7.90 support lately. Given that it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR8.00 level, with an exit set below the MYR7.90 threshold. Towards the upside, the immediate resistance is at the MYR8.40 mark. This is followed by the MYR8.65 level.
Source: RHB Securities Research - 19 Mar 2020
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