RHB Retail Research: QES Group may rebound further

RHB Retail Research says QES Group Bhd may rebound further after it tested the MYR0.145 support in recent sessions.

In a trading note, the research house says yesterday’s white candle sent the stock to its 2 month high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the MYR0.16 level, with an exit set below the MYR0.145 mark.

“Towards the upside, the immediate resistance is at the MYR0.20 level, followed by the MYR0.215 threshold,” it says.

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