QES found resistance at 0.935, and negative divergence is seen on daily RSI. New long position need to be very cautious. Short term support is seen at 0.82. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
MYX:QES Today, refer to EPRAF, QES breakout resistance trigger candle (TC). With good momentum, MACD and high level of stochastic, QES is expected fly to the moon.
Breakout of 73.5sen and currently at all time high. Fitting Fibonacci retracement levels on the latest mini wave gives us a reasonable target of 85.5sen. Also observed are a rounding bottom formation and a upward parallel channel, pointing towards a 25% upside in the near term. The 73.5sen level is a resistance-turned support for MYX:QES . Theme: Technology
QES FIRST TP @0.930 AND 2ND @ 0.99. I will monitor for the price action @ the important SNR level. TAYOR!
As we can see, QES is currently trading on a strong uptrend despite weak market condition for the past few days. We are anticipating more upside based on this strength for now as the RSI is still not in a highly overbought situation yet. Based on Fibo extension, we are anticipating the stock to test RM0.95 and RM1 first before further rally towards RM1.20 for now....
QES Theme: Tech Rst: 0.89 Spp: 0.80 Facing major block at Fibo Ext 261.8%, and recap again the stock still yet be able to neutralise RSI triple bearish divergence effect, risk of pulling back is there.
Possible handle forming to surge higher and test new high. Neck line Support Price: 0.735 Neck line Minimum Price: 0.670 Trend: Up Trend
Based on the price action movement and my profitable technique, I'm expecting QES to test the near resistance level next week. TAYOR!
We saw many happy faces last week as QES broke its ATH and closed strongly with 16% gain on Friday. Some were highly bullish to say that the rally could possibly sustain up towards RM1 in the next few weeks. Based on our wave analysis however, we think things might turn out otherwise. Our wave count suggests that the recent rally might be in fact wave (b) at work...
QES breakout and currently at an 52 week high. Formed a rounding bottom foundation. Monitor retracement after break ATH . Green Candle = Breakout Candle Red cross = possible entry point Orange dotted line = 52 week high
QES breakout and currently at an all time high. Formed a rounding bottom foundation. Monitor retracement after break ATH. Green Candle = Breakout Candle
MYX:QES Bearish chart pattern (Rising Wedge & Top Head N Shoulder) seen at daily chart. Ride the trend at your own risk & sell at your own decision #SAYOR
NO INVESTMENT ADVICE IS PROVIDED DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...