Aemulus Holdings Bhd (AEMULUS, 0181)

• AEMULUS added 5 sen or 6.0% to close at RM0.88 last Friday.

• Last Friday’s move sent the price to close higher with higher trading volume and AEMULUS is currently testing its key resistance of RM0.88 level. Share price remains in its upward trend line and should the buying force persist, we expect a breakout from this level.

• As such, resistance levels are expected at RM0.92 (R1) and RM1.00 (R2).

• On the other hand, support levels are pegged at RM0.83 (S1) and RM0.79 (S2).

Source: Rakuten Research - 19 Apr 2021