Tuesday, June 7, 2011

Technical Analysis June 2011: QL (7084)



QL RESOURCES BERHAD

Observation from Chart:-

QL was retrace down from RM3.50 to RM3.18 level (-RM0.32 or 9.1%).

On 6 June 2011, QL is trigger a buy call.

Today, QL retest the RM3.30 resistant level.

Will this rebound able break through RM3.30 resistant?

If the rebound strong, it might able break up RM3.30 with huge volume then most probably will retest next level resistant, which is RM3.50 level.

However, if retrace down, it might retest RM3.12 which is MA100 support level.

Let watch closely...

Remark:

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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