Aurelius Technologies may trend higher after it surged to a new record high and closed above the RM2.80 resistance yesterday. 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 RM2.80 level, with a stop-loss set at RM2.54, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM3.00, followed by RM3.20.

Entry : RM2.80–2.82

Target : RM3.00, RM3.20

Exit : RM2.54

Source: AmInvest Research - 16 Feb 2023