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Author: Nott_Invest   |   Latest post: Sun, 24 Oct 2021, 9:23 PM

 

AEMULUS found strong support

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AEMULUS

Sector: Technology / Analog, Digital, RF Tester

Analyzed on 19/09/2021

AEMULUS has gained 8% on last Friday to close strongly at RM1.07. The volume is also comparatively higher in these two weeks. Follow up from our last analysis, we were in the opinion that EMA 25 and 50 will serve as its strong short term supports. True enough, we can see that AEMULUS closing price is holding firmly at its EMA50 support. RSI has also retraced from overbought region. The big green candle on last Friday should see some support at RM1.02 level.

Recap on its valuation, currently the market is giving AEMULUS a high valuation of P/E 87 amid its recent 3 years contract to collaborate in developing a CIS-specific tester model for the China market. The company has also won a RM3.3m contract to provide testers to a local car manufacturing company.

Let’s see if AEMULUS can continue its strong rally.

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NOTT INVEST 


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This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

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