Aemulus Holdings surged and touched the RM1.16 resistance level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.21 and RM1.25. The downside support is projected at RM1.10. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.16

Target: RM1.21, RM1.25 (time frame: 2-4 weeks)

Exit: RM1.10
 

Source: AmInvest Research - 25 Nov 2021