RHB Investment Research Reports
Trading Stocks - QES Group
rhbinvest
Publish date: Wed, 05 Jun 2024, 10:20 AM
rhbinvest
0 4,382
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
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Kuala Lumpur
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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 Group is poised for a technical breakout after rebounding off the 21-day SMA line and climbing towards the immediate resistance level of MYR0.715. If a breakout happens above this level, the counter will trend higher towards MYR0.75, followed by MYR0.80. However, a fall below the MYR0.645 support level would negate the bullish setup, as the counter would then be trading below the SMA line.
Source: RHB Securities Research - 5 Jun 2024
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