KUALA LUMPUR (Jan 23): RHB Retail Research said QL Resources Bhd may move higher after it continued holding above the RM8.00 support.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment.

“A positive bias may emerge above the RM8.18 level, with an exit set below the RM8.00 threshold.

“Towards the upside, the immediate resistance is at the RM8.50 mark. This is followed by the RM9.00 level,” it said.