Aurelius Technologies may trend higher after it broke above the RM3.30 resistance with another long positive candle yesterday. As the stock has climbed to a new historical high, a bullish outlook can be anticipated here. A bullish bias may emerge above the RM3.30 level with stop-loss set at RM2.98, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM3.60, followed by RM3.80.

Entry : RM3.30–3.37

Target : RM3.60, RM3.80

Exit : RM2.98

Source: AmInvest Research - 28 May 2024