QL Resources is eyeing to extend the upside movement after testing the immediate resistance on high volume.
RHB Retail Research (RHB) in a note today said the stock bounced off the intraday low and printed a bullish candlestick yesterday, showing that the bullish momentum is gaining traction.
In the event it climbs above the RM4.70 resistance, a bullish bias will emerge.
In this case, it will continue to move towards RM4.85, followed by the RM5 mark.
Conversely, falling below the MYR4.50 support kick starts the correction phase.
YTL Hospitality REIT is poised to climb higher after staging a bullish breakout. The REIT managed to close above the RM1.21
resistance with a bullish candlestick, showing that the underlying momentum is bullish. We have observed the 21-day SMA line
curving upwards, which suggests the short-term trend is positive. Riding on the momentum, it may test the next resistance at RM1.25, followed by RM1.30. Conversely, breaching below the RM1.16 support negates the bullish setup.
