Friday 29 Mar 2024
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KUALA LUMPUR (Sept 18): RHB Retail Research said QL Resources Bhd may climb higher after posting a white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said last Friday’s candle can be viewed as a continuation of the bulls extending the rebound from Sept 3’s “Bullish Harami” pattern.

“A bullish bias may emerge above the RM6.10 level, with an exit set below the RM5.80 threshold.

“To the upside, the immediate resistance is at RM6.50. This is followed by the RM7.00 level,” it said.

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