Aemulus Holdings surged and tested the RM1.14 resistance level. With its RSI indicator pointing upward, 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 RM1.19 and RM1.25. The downside support is projected at RM1.06. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.14

Target: RM1.19, RM1.25 (time frame: 2-4 weeks)

Exit: RM1.06
 

Source: AmInvest Research - 8 Dec 2021