RHB Investment Research Reports
Trading Stocks - QES
rhbinvest
Publish date: Mon, 08 Jan 2024, 02:44 PM
rhbinvest
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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
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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
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