Nott Invest

AEMULUS - Surged with volume

Nott_Invest
Publish date: Mon, 19 Jul 2021, 08:46 AM
Nott Invest Analyses

AEMULUS

Sector: Technology

We have covered AEMULUS in early July, and it did performed well in a uniform uptrend pattern. Last Friday, the share price surged with high volume and closed at resistance level of RM0.93. EMA25/50 are trending upwards but we do expect the share price to retrace back to its EMA25/50 to find some healthy support. As long as EMAs are still trending up and higher highs are forming, the uptrend is still intact, and may climb above its RM0.93 resistance. Support level is at its EMA 25/50.

Reason to Monitor:  Uptrend stock

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