QES Group showing signs of extending rebound, says RHB Retail Research

QES Group showing signs of extending rebound, says RHB Retail Research
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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.

“If the support level of 49.5 sen is broken, this trading set-up will be invalidated,” it said.