Rakuten Trade Research Reports
Technical View - Aemulus Holdings Bhd (AEMULUS, 0181)
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Publish date: Wed, 25 Aug 2021, 01:12 PM
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• AEMULUS ended 3.9% or 4 sen higher to RM1.07 yesterday.
• The retracement from high of RM1.21 seems to have ended as the stock rebounded from a low of RM0.99 recently and is well-supported above the RM1.02 level (at key 61.8% Fibonacci Retracement level). Yesterday’s strong closing at intra-day high also reinforce the strong renewed buying interest which we believe the rebound is set to persist.
• Resistance levels are identified at RM1.11 (R1) and RM1.21 (R2).
• Conversely, support levels are identified at RM1.02 (S1) and RM0.96 (S2).
Source: Rakuten Research - 25 Aug 2021
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