QES trade ideas
QES - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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QES will further PullbackThere is possibility QES will further retrace to near 535 area, the next strong support after it closed within the current strong support zone between 600 and 560 with the slowing momentum.
The best entry price will be between 535 and 540 to take advantage of possibility the price will be pushed up just before QR for the coming week.
Disclaimer: Trade at your own risk.
QES GROUP BERHAD (8-FEB-2021)The divergence between price and STO-RSI indicator alerts a reversal is imminent, as the price is now is in the overbought area.
It is advisable to monitor any Japanese reversal candlestick pattern at below supports, coupled with oversold STO-RSI indicator, to make an entry:
• 0.445 (38.2% FR)
• 0.410 (50% FR)
• 0.375 (61.8% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
QES Group Berhad (0196)QES try to break and maintain above previous high at 0.405 (Aug 2020), break few times and seems the selling pressure still high, thus pull back around 0.385 to 0.405.
Be cautious if it break down certain level of price / fail to maintain its steam to fly higher
SUGGESTION
Support 1: 0.375
Support 2 or CL: 0.350
Always have and follow your trading plan.
Purely for personal reference only, not a buy call. cheers!
Buy on Uptrend Channel Breakout (BULL)QES ~ very BULL
3 days confirmed stand above uptrend channel (very bullish)
Yesterday test previous resistance 0.35. Resistance turned into the support area. Can set main support at 0.35.
Today breakout neckline resistance.
FA - Healthy
Valuation - not yet too overvalue compare to other technology stock
Unisem suppliers - Recently be awarded a lot of order from Unisem
News - Technology supply chain shortage (international giant tech company request tsmc taiwan to increase production to 200% haha
QUESTION For QES: All Time High?Corporate Name : QES GROUP BERHAD
Symbol & Code : QES (0196)
Board : ACE
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Industrial Materials, Components & Equipment
• Weekly: Power move since March 2020, then retracement before a major breakout
• Daily: The last candle has long upper tail, trying to achieve all time high. This is a rebound happened somewhere between 200ma and 50ma. The next higher low I would expect to be on 20ma. That’s where you buy. QES will break through its previous high
• EP: 0.31-0.33
Investment Idea QES (mid/long term)Good prospect under a semiconductor business.
Extracted from Q3 2020 Financial Results ( www.qesnet.com )
Business Outlook & Prospects
• Manufacturing will be concentrating on research and development activities on our AOI , AHS and Industry 4.0 solutions.
• QES expects high growth in China over the next 3 to 5 years.
• Based on the private placement utilization, QES will aim to set up a local 100% owned China subsidiary through QES (Hong Kong) Co Ltd.
• Expecting distribution division growth to remain flat or a slight decrease for FYE 2020 due to countries which are badly affected by Covid-19 like Philippines and Indonesia would not fare as well but this will be mitigated by the improved results from Vietnam and Singapore.
• The Group will continue to focus on market and business expansion activities to grow the business further which may include factory/land purchase to increase our factory capacity.
• QES appointed to take over Nikon Malaysia’s industrial metrology business which we expect will contribute additional growth to the Group.
• The Group had announced an acquisition of a 5-storey detached factory in Hicom-Glenmarie, Shah Alam for RM 21 million to support future growth and expansion plans for both Manufacturing & Distribution Division.
• The Group had successfully implemented a private placement of up to 10% of the issued ordinary shares which was oversubscribed 2X. The main bulk of the total RM 20 million gross proceeds are to develop new products and expand the manufacturing division. The balance will be allocated for M&A activities on segments related to IoT and sensors, semiconductor equipment and process automation in the near future.
• Even with the Covid-19 pandemic setbacks, QES will continue to focus activities on building up market share of our manufacturing division equipment to the China and Taiwan semiconductor industry. As for distribution division, we will continue to further strengthen our ASEAN operations as we believe the US-China trade war will benefit ASEAN in the medium term.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.