RHB Investment Research Reports

Trading Stocks - Aemulus Holdings

Publish date: Thu, 23 May 2024, 11:24 AM
0 3,821
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

Aemulus Holdings is set for an uptrend reversal after bouncing off the 21-day SMA line and breaking above the MYR0.36 immediate resistance on strong trading volume where it formed a “higher high” bullish pattern. This bullish momentum above the breakout level will drive the stock higher towards the MYR0.40 YTD high, followed by the MYR0.46 next resistance. However, falling below the MYR0.32 support reverses the momentum, as the counter will trade below the SMA line and form a "lower low" bearish structure.

Source: RHB Securities Research - 23 May 2024

Related Stocks
Be the first to like this. Showing 0 of 0 comments

Post a Comment