Tuesday, November 13, 2018

QL: A Good Trading BUY

Last week, QL broke above its "horizontal resistance" at RM7.12-7.13 and rallied to a high of RM7.50. Last 2 days, the share price dropped back. Today it went below the horizontal resistance-turned-support of RM7.12-7.13. It went as low as RM7.07 before recovering. As at 10.40am, QL was trading at RM7.25.

From the chart below, you can see that QL has done a breakout/pullabck and then continued to go higher. The current "dance" is likely to be the same. Thus, QL could be a trading BUY now. A note of caution; do exercise careful discretion in all trading given the present weakness in the market. 

Chart: QL's daily chart as at Nov 13, 2018_10.15am (Source: Malaysiastock.biz)

1 comment:

Epic advisory said...

Like this blog To Be A Success Trader because get detail information regarding trading this is very helpful blog to all trader. KLSE Stocks Tips