QES Group is set to rebound higher as it bounced off the 21- day average line strongly, which exceeded the MYR0.60 threshold yesterday – coupled with high volume. If the buying interest persists, the bulls may drive the stock towards the MYR0.645 resistance, followed by the MYR0.66 recent high. Meanwhile, a drop below the MYR0.58 support may reverse the direction southwards as it falls back below the average line.
Source: RHB Securities Research - 2 Jun 2022