Shares in QES Group rose 2.22% at mid morning today following a positive technical outlook on the stock.

RHB Retail Research said in a trading stock note today QES may rise higher after it breached above the 22 sen threshold.

A positive bias may emerge above 22 sen level, with an exit set below the 20 sen mark.

''Towards the upside, the immediate resistance is at the 25sen level, followed by the 26.5 sen threshold', it said

The recent semicon share run may benefit the company as the share price had not moving much compare with others listed company such as VIS, FPG, MMSV, JHM, JF tech and etc.

In the 1st Quarter 2020, the company reported RM 2.5 million profit which increase 40% against previous quarter and +150% on YOY.