Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 14 Jan 2021, 5:53 PM

 

Daily technical highlights – (QES, PRLEXUS)

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QES (Not Rated)

  • QES rose 2.0 sen (+13.33%) to close at RM0.170 yesterday.
  • Chart-wise, the stock has broken above all the key SMAs yesterday with a long bullish candlestick, backed by higher-thanaverage trading volume.
  • Coupled with bullish signal from MACD indicators, we believe the stock may trend higher.
  • From here on, overhead resistance can be found at RM0.200 (R1) and RM0.245 (R2).
  • Conversely, downside supports can be identified at RM0.140 (S1) and RM0.125 (S2).

PRLEXUS (Not Rated)

  • PRLEXUS gained 6.5 sen (+10.00%) to close at RM0.715 yesterday
  • Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
  • Coupled with bullish signal from MACD and uptick in momentum indicator, we believe the stock could move higher.
  • Should the bullish momentum persist, overhead resistance is seen at RM0.830 (R1) and RM0.920 (R2).
  • Conversely, support levels are identified at RM0.620 (S1) and RM0.550 (S2).

Source: Kenanga Research - 14 May 2020

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Labels: QES, PRLEXUS

Related Stocks

Chart Stock Name Last Change Volume 
QES 0.305 +0.005 (1.67%) 11,336,300 
PRLEXUS 1.15 +0.01 (0.88%) 4,081,000 

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