RHB Retail Research
Trading Stocks - QL Resources
QL Resources may rebound higher after it continued holding above the MYR8.00 support. Given that it has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign. An upbeat bias may emerge above the MYR8.28 level, with an exit set below the MYR8.00 mark. Towards the upside, the immediate resistance is at the MYR9.00 level, followed by the MYR9.50 threshold.
Source: RHB Securities Research - 14 May 2020
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