Aurelius Technologies may rise higher after testing its 20-day EMA and rebounded higher a few sessions ago. The stock pushing near its all-time high and supported by rising EMAs likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM3.50 level with stop-loss set at RM3.26, below the 50-day EMA. Towards the upside, nearterm resistance level is seen at RM4.00, followed by RM4.20.

Entry : RM3.50–3.66

Target : RM4.00, RM4.20

Exit : RM3.26

Source: AmInvest Research - 27 Jun 2024