QL may rally after closing above its highest in almost six months. A position can be initiated on a close above RM3.30, with a close below the recent low of RM3.13 as a stop-loss. The price target is RM3.90, provided that the 2011’s high of RM3.50 is violated. Failure to stay above RM3.30 should see it sideways and strong support is at RM3.00.
No comments:
Post a Comment