Stock Analysis – QES (0196) – RM0.605:

QES’s stock price has been on pullback consolidation for the past 4 weeks ranging from previous high of RM0.635 to as low as RM0.550. Today, the stock price is riding above all EMA lines which are arranged in rosing order and also riding above rounding bottom SMA200 line. This indicates that the stock price is preparing to initiate its uptrend at the initial stage of its markup phase;

If the stock price could breakout and stay above RM0.600 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.620, 0.660, 0.685, 0.730, 0.745, 0.800, and 0.840. Long term investors may prospect for possible long-term targets to challenge around RM0.900, 0.925, 1.02, 1.10, 1.15, 1.20, 1.25, and 1.31;

Should the new higher high beyond RM0.600 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.580 or worst case below RM0.550;

The secondary indicators like MACD, DMI and RSI are at good junctures that may biased to lead the stock price for further rebound and are preparing to initiate its uptrend at the initial stage of its markup phase;
XChart’s Trade Signal has been triggering 3 real times early morning session as shown above indicating the stock on “CB05: Uptrend Pullback Rebound”;

XChart’s Stock Analyser as shown above is fundamentally PFS9=3 indicates FA is not good yet, but technically TAS20>50% indicates that the stock price may biased for further rebound and preparing to initiate its uptrend at the initial stage of it markup phase;

Fundamental:
QES GROUP BERHAD (QES, 0196) is listed under MAIN market’s Industrial Products & Services Sector.

Principal Products / Services:
Inspection, test and measurement equipment;
Materials and engineering solutions;
Optical inspection equipment, automated handling equipment and advanced wafer measurement system.

Financial ratios:
TTM Q4-Dec-2023: DY=0.83%, PER=27.38, ROE=10.61%, NGR=NetCash, DER-ST=0.10, TLER=0.55;