QES Group showing signs of extending rebound, says RHB Retail Research Surin Murugiah / theedgemarkets.com
March 24, 2021 07:26 am +08
QES Group showing signs of extending rebound, says RHB Retail Research -A+A KUALA LUMPUR (March 24): RHB Retail Research said QES Group Bhd is showing signs of extending its rebound after crossing above 21-day simple moving average (SMA) line on strong volume.
In a trading stocks note today, the research house said this positive bias is likely to be extended if it manages to stay above the 53 sen immediate support.
“The next resistance levels are pegged at 59 sen and 66.5 sen.
Let us stop trading for 1 week. To stop the revenue collected by the government, in protest of government's constantly damaging the share market by rolling out various race biased policies and thus driving foreign investors away.
Currently both Nasdaq and China Tech is not doing well, China due to its Givt policy and they are pressing down the Tech giants there as such both this events are having a negative impact on local Tech business. However QES is still able to absorb then down trend impact as at now which indicates that its fundamental are strong and intact. Overtime once both Nasdaq and China Tech companies recover QES will be on a bullish trend again.
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