Aurelius Technologies posted a white candle breakout from a 4-week ascending triangle. It surpassed the previous resistance at RM2.76, indicating a positive outlook. This was reinforced by the 20-day EMA moving higher and formed a larger spread with 50-day EMA. Resistance levels may be encountered at RM3.00, followed by RM3.15. On the downside, stop-loss is set at RM2.58, positioned below the second support level.
Entry : RM2.70-2.80
Target : RM3.00, RM3.15
Exit : RM2.58
Source: AmInvest Research - 8 Dec 2023
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