Aemulus Holdings tested the RM0.88 resistance level after consolidation. With its RSI indicator pointing upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.935, followed by RM0.96. The downside support is marked at RM0.82. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.88

Target: RM0.935, RM0.96 (time frame: 2-4 weeks)

Exit: RM0.82

Source: AmInvest Research - 19 Apr 2021