QES (0196): Listed on the Main Board; Industrial Products & Services, Semiconductor-related.
The stock is trading above the MA200 after a minor breakout at RM0.59. The current price is above the green transition Ichimoku Kijun line. The MACD indicates a golden cross. Both the Stochastic and RSI are above 50.
✅Current price: RM0.600
✅Entry: RM0.59 - 0.60
✅Stop...
Today, the stock break the resistance with large volume. Then, based on weekly chart, the price also break MA20 and MA50 which is a good sign. Not only that, the stock just moving up from oversold region. Technically, I think this stock may go higher.
QES (CASE STUDY)
Fresh demand zone 0.62-0.64, potential support HL. monitor price action when price mitigate the zone. if price breaks below 0.62, monitor next demand zone .
*Personal opinion, trade at your own risk*
QES - We can see red chip started to react these few days as QR yet to be announce. So is clear that price had been factor in before the release which i assume will be continue once global rally start to move.
A strong support being form at 0.4 area along with a double bottom pattern. 0.49 can be an immediate support & movement will retest 0.59 towards 0.66 area.
QES has bucked eight straight months of market pullback, however, the share has rebounded upon touching Fibonacci level 61.8 coincides with reversal inverted head and shoulder pattern somewhere in March. The share subsequently has broken above resistance turns support level at 0.545 with bullish bias emerged by the formation of bullish symmetrical triangle...
QES
Market structure cantik
dah create HH, HL, HH
so boleh cari entry point. be brave. to take a risk.
wherever entry point, there risk alwiz there.
so, try minimize ur risk and maximze ur profit.
trade as planned.
The RSI indicates a strong change in price momentum due to buying interest as depicted by volume where it crosses above the MA20 line.
MACD and OBV indicate a positive uptrend pattern.
To place a bid, use VWAP as a guideline and place the bid below the VWAP line.
Let's save QES in WL and watch out for significant price movement with volume.
R 0.590
S 0.565
Consider to study and monitor QES' current daily chart where it resembles that of a Cypher pattern. The rebound probability to enter into a potential swing trade is between fibo extensions 1.130 and 1.414.
the trend line shown the potential for the QES to bullish for a while.
however, there are need significant spike in volume for the bullish to kick in.
this is for own study purpose and not buy call.
BUY Support 0.77
CUTLOST 0.73
Resistance: 0.81/0.86
QES was founded in Oct 1991. We specialise in manufacturing, distribution and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment. QES Group of companies has since grown into a leading integrated solution provider with manufacturing capability. The...
Technical analysis for QES Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL.
- Current price candle trend from JULY-OCT 21 had retracement with price move lower accompany by decreasing volume indicates anomalies-price move lower without MM participation. Possibility this is a temporary...
QES - Smart money resumed
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
