• Target price RM0.550, RM0.590
• Last closing price RM0.525
• Potential return 4.7%, 12.3%
• Support RM0.480
• Stop Loss RM0.460

Possible for uptrend continuation. AEMULUS’s share price picked up on an uptrend. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.550 be broken, it may continue to lift price higher to the next resistance level of RM0.590. However, failure to hold onto support level of RM0.480 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 6 Jul 2017