We believe the buying interest for Aurelius Technologies is back after it formed a long white candle and closed above the RM1.80 psychological mark a few sessions ago. As the stock also broke out of the 2-week bullish pennant pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.80 level, with a stop-loss set at RM1.64, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.90, followed by RM2.00.

Entry : RM1.80–1.82

Target : RM1.90, RM2.00

Exit : RM1.64

Source: AmInvest Research - 27 Sept 2022