RHB Investment Research Reports

Trading Stocks - QES

rhbinvest
Publish date: Mon, 08 Jan 2024, 02:44 PM
rhbinvest
0 4,584
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

QES broke past the immediate resistance, confirming a bullish setup. We observe that the stock has climbed above the MYR0.53 resistance to chart a “higher high” bullish candlestick. The momentum should propel the stock towards the next resistance of MYR0.55, followed by MYR0.57. Meanwhile, falling below the MYR0.51 support would signify a false breakout and kick start a bearish phase.

Source: RHB Securities Research - 8 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment