Rakuten Trade Research Reports
Technical View - Aemulus Holdings Bhd (AEMULUS, 0181)
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Publish date: Thu, 04 Jul 2019, 02:28 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
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
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