QES, The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
QES trade ideas
QESQES (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 Loss: RM0.58
✅Resistance: RM0.61/0.65/0.73
✅Technical Target: RM0.680 - 0.690
✅Mercury & AF Apex TP: RM0.70 - 0.73
✅Risk Profile: Moderate
Hydra X
14 August 2023
QES Simple Chart AnalysisQES - 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.
Momentum building upQES 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 pattern. The price has rose above the triangle pattern, as such, could test resistance level at 0.68. A significant price movement above the downtrend line could push the price higher. Support level is seen at 0.545.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
An Uptrend Pattern!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
QES TECHNICAL ANALYSISTechnical 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 retracement, not changing in trend.
- Latest OCT 21 monthly candle shows a short body with upper and lower wick accompany by low volume signal indecision-reversal may occur.
2) In Weekly TF
- Overall trend still maintaining the long term UTL and break out the mid-term DTL indicate the end of retracement.
- Current price candle trend moves in shorter range with low volume with significance VAP in 0.790-0.825 area indicate this is accumulation area. Need to look for Pivot high and Pivot low candle.
- Latest 1 Nov 21 Weekly candle show a long body with small upper and lower wick accompany by high volume break the mid-term DTL. This price action breakout is validate by volume given.
3) In Daily TF
- Overall trend still maintaining the immediate Support line and the possibility of Bullish Pennant to occur with highest VAP in 0.835-0.850 area as strong resistance area.
- Current daily price candle trend is retraced and staying at Fibo 0.50 area are implies indecision. Current price candle in congestion period with price candle move in short range accompany by low volume indicate accumulation phase occur to build up the momentum in order to break the strong resistance area above.
- Latest 5 Nov 21 candle give a long bullish candle with significance upper wick and short lower wick accompany by very high volume-volume validate the price candle. Price may move lower back to immediate support to remove significance seller that still occur in the market and to build up the momentum.
QES - Smart money resumedQES - 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)
QES - 21-04-202121-04-2021
Counter : QES
Sector : Wholesale distributor
- Uptrend position, just finish retracement
- AHP Bat pattern show price can go up to 0.670, already past the resistance at 0.580 but required to breakout resistance 0.650.
- MACD above 0 and in uptrend position
- nearest strong support at 0.520
- Good smart money momentum
- Nearest resistance at 0.650