KUALA LUMPUR (Dec 24): RHB Retail Research said QES Group Bhd may move higher after it continued holding above the 18.5 sen support.

In a trading stocks note today, the research house said last Friday’s candle sent the stock to its one-week high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the 20 sen level, with an exit set below the 18.5 sen threshold.

“Towards the upside, the near-term resistance is at 23 sen. This is followed by the 26 sen level,” it said.