KUALA LUMPUR (March 13): RHB Retail Research said QL Resources Bhd may rebound further after it tested the RM7.90 support lately.
In a trading stocks note today, the research house said given that it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced.
“A positive bias may emerge above the RM8.00 level, with an exit set below the RM7.90 threshold.
“Towards the upside, the immediate resistance is at the RM8.40 mark. This is followed by the RM8.65 level,” it said.