Aemulus Holdings Bhd (0181)

• AEMULUS closed 2 sen or 9.1% higher to RM0.24 yesterday.
• Share price closed above key moving averages coupled with series of resistance breakout and higher trading volume for the past trading session, signalling stronger buying momentum.
• Technically, with the MACD trading above the signal line, we believe the uptrend remains intact.
• Should the share price be able to break its 200-day simple moving average at RM0.255 (R1), we expect the price to head towards the next resistance level at RM0.300 (R2).
• On the flipside, support levels are found at RM0.205 (S1) and RM0.175 (S2).

Source: Rakuten Research - 4 Jul 2019