KUALA LUMPUR (June 2): RHB Retail Research said QES Group Bhd is set to rebound higher as it bounced off the 21-day average line strongly, which exceeded the 60 sen threshold yesterday – coupled with high volume.

In a trading stocks note today, the research house said if the buying interest persists, the bulls may drive the stock towards the 64.5 sen resistance, followed by the 66 sen recent high.

“Meanwhile, a drop below the 58 sen support may reverse the direction southwards as it falls back below the average line,” it said.