Aemulus Holdings climbed and touched the RM1.14 resistance level. With its 21-day moving average pointing upward, 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 RM1.18, followed by RM1.21. The downside support is marked at RM1.08. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.14

Target: RM1.18, RM1.21 (time frame: 2-4 weeks)

Exit: RM1.08

Source: AmInvest Research - 2 Nov 2021