Nott Invest

AEMULUS - Technical Analysis

Nott_Invest
Publish date: Sun, 04 Jul 2021, 12:01 PM
Nott Invest Analyses

AEMULUS

Sector: Technology

AEMULUS share price and its volume surged to close at RM0.87 on last Friday. A strong short-term uptrend can be spotted when it forms higher lows and higher highs. EMA25/50 are also turning upwards.

AEMULUS is currently trading at RM0.87, immediate resistance at RM0.93 and support at EMA25.

Bursa took a beating recently due to prolonged Covid-19 and unstable political situation and many stocks did not performed well in June.  However, you can observe that AEMULUS is one of the few stocks that is trading on an uptrend amid the bearish market sentiment. It could challenge its resistance if the market sentiment recovers.

Reason to Monitor:  Surge in price and volume

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