Aurelius Technologies is poised for a technical breakout, as it bounced off the 21-day SMA line while attempting to surpass the MYR2.73 immediate resistance, on improved volume. If a breakout above that threshold occurs, the stock may climb towards the MYR2.85 resistance, followed by the MYR3 mark. Towards the downside, dropping below the MYR2.60 support would reverse the trend, where it would be trading below the SMA line.
Source: RHB Securities Research - 30 Nov 2023
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