Aurelius Technologies posted four white candles in a row and its 20-day EMA has started to turn up yesterday, likely indicating the return of buying interest. As the stock’s move above the RM1.64 resistance also coincided with a 3-month high, the bullish momentum appears to be picking up. A bullish bias may emerge above the RM1.64 level, with a stop-loss set at RM1.48, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.80, followed by RM2.00.

Entry : RM1.64–1.72

Target : RM1.80, RM2.00

Exit : RM1.48

Source: AmInvest Research - 2 Aug 2022