Saturday, July 18, 2020

Technical Analysis July 2020: QES (0196)


QES GROUP BERHAD 

Observation from Chart:-

QES (0196) forming "V" shape rebound & retest strong resistance level, RM0.245

Will it break the resistance & go higher ?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM0.245 level.
If breakout this strong resistance, higher high is confirm. Uptrend will resume

Immediate support @ RM0.215 level.
Subsequent support @ RM0.195 level.

Let's watch closely.

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