RHB Retail Research
Trading Stocks - QL Resources
QL Resources was testing the MYR7.40 level in its latest session. If a breakout emerges, a bullish bias may be present above this point, with a target price of MYR8.00, followed by MYR8.40. The stock may take a breather if it cannot breach above the MYR7.40 mark in the near term. Support may be found at MYR6.50, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 19 Mar 2020
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