It 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.
Great 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
VCP 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.
Cup 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 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.
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 harder to fight the weekly high / weekly resistance. Due to no other...
Strength in the chart:
1. Strong background (Mark-Up Stage)
2. Lots of shakeout / confirmed spring bars
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy...
From the chart below, you can see that QL has done a breakout/pullabck and then continued to go higher. The current "dance" is likely to be the same. Thus, QL could be a trading BUY now. A note of caution; do exercise careful discretion in all trading given the present weakness in the market.
QL merupakan pemilik FamilyMart di Malaysia. Masih banyak ruang untuk meluaskan perniagaan yang menarik ini di Malaysia.
Yang pastinya, pembukaan FamilyMart telah menyebabkan SEM (7-Eleven Malaysia) menaiktaraf kesemua stor mereka. Ada ruangan tempat istirehat dan makan didalam kedai.
Market cap SEM sekarang ini adalah RM1.8billion (dengan 1905 cawangan)....
