AmInvest Research Reports
Stock on Radar - QL Resources (QL)
AmInvest
Publish date: Fri, 04 Oct 2024, 09:18 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
QL Resources (QL | 7084)
Last Price: RM4.71 | Technical Call: BUY
| Support 1: RM4.60 | Resistance 1: RM5.00 |
| Support 2: RM4.50 | Resistance 2: RM5.20 |
| Shariah Compliant: Yes | Sector: Consumer |
We believe the buying interest for QL Resources is back after it pushed out from the 2-week bullish flag pattern yesterday. With the stock surging near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM4.60 level with stop-loss set at RM4.48, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.00, followed by RM5.20.
Entry: RM4.60-4.71
Target: RM5.00, RM5.20
Exit: RM4.48
Source: AmInvest Research - 4 Oct 2024
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