Aemulus Holdings climbed and hit the RM0.96 resistance level. With its RSI indicator pointing upward, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.995, followed by RM1.02. The downside support is marked at RM0.905. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.96
Target: RM0.995, RM1.02 (time frame: 2-4 weeks)
Exit: RM0.905
Source: AmInvest Research - 7 Feb 2022
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Created by AmInvest | Nov 21, 2024