We believe the buying interest on Aurelius Technologies is back following its breakout above the RM2.65 resistance with a long white candle yesterday. Coupled with the positive cross of its 20-day EMA above the 50-day EMA a month ago, this crossover has enhanced the near-term bullish bias. A bullish bias may emerge above the RM2.65 level, with a stop-loss set at RM2.46, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM3.00, followed by RM3.20.

Entry : RM2.65–2.74

Target : RM3.00, RM3.20

Exit : RM2.46

Source: AmInvest Research - 25 Aug 2023