QL Resources Bhd - C&HIt formed a C&H on 28 Jun, and successfully break out on 29 Jun with volume. RM5.25 will be the main support, and RM5.10 could be the next, or even average before CL. Resistance will be RM5.80.
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About QL RESOURCES BHD
Sector
Consumer Non-Durables
Industry
Food: Meat/Fish/Dairy
CEO
Song Kooi Chia
Website
ql.com.my
Headquarters
Shah Alam
Employees
7.53K
Founded
1987
ISIN
MYL7084OO006
QL Resources Bhd. engages in the manufacture and sale of egg and surimi. It operates through the following segments: Marine-Products Manufacturing, Palm Oil and Biomass Energy, and Integrated Livestock Farming. The Marine-Products Manufacturing segment focuses on deep-sea fishing, and manufacture and sale of fishmeal, surimi, and suirmi-based products. The Palm Oil and Biomass Energy segment involves plantation, crude palm oil milling, and downstream palm biomass technology. The Integrated Livestock Farming segment distributes animal feed raw materials, food related products, and includes operation of convenient stores. The company was founded by Chia Song Kun in 1987 and is headquartered in Shah Alam, Malaysia.
BOTTOM FISHING QLGreat fundamental company.The stock has been beaten hard previously.Now showing sign of improvement,backed up with 2 consecutively quarterly increasing EPS.Price already breaks the horizontal line but with only just above average volume
Possibility Cup and Handle for QLVCP pattern reduce from 11% to 5%
Cup and Handle Shaped High Possibility have been appeared
Expected Price Shoot up for at least 15% after breakthrough resistance RM10.10
For my learning technical indicator only. No buy sell call. trade at your own risk.
Possibility Cup and Handle for QLCup and Handle maybe forming incoming For QL.
Expected breakthrough soon on August.
expected gain at least 15% after breakthrough
Will continue monitoring
Disclaimer: for my study purpose. No buy call and selling.
QL Resources - Broke major resistance + listing FBMKLCIQL Resources has broke the major resistance upon potential listing to FBMKLCI.
Fundamentally strong company with businesses includes integrated livestock farming, marine products manufacturing, palm oil and of course, Family Mart.
QL is the Champion.MARKET WATCH :
The food demand is really getting high in Malaysia. Not like OIL demand, when locking down, the streets are empty.
I'm positive with this market of food will not drop easily. For those are like to invest in, put wisely and control your own risk.
Forecast the market will try harde
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