QL: A Good Trading BUY

13th November 2018 Off By binary
QL: A Good Trading BUY
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Last week, QL broke above its “horizontal resistance” at RM7.12-7.13 and rallied to a high of RM7.50. Last 2 days, the share price dropped back. Today it went below the horizontal resistance-turned-support of RM7.12-7.13. It went as low as RM7.07 before recovering. As at 10.40am, QL was trading at RM7.25.
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. 
Chart: QL’s daily chart as at Nov 13, 2018_10.15am (Source: Malaysiastock.biz)

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