Aemulus is showing a bullish setup after climbing above the resistance. The stock broke past the MYR0.42 resistance level yesterday with a bullish candlestick. We observed that the 21- day SMA line is pointing upwards, showing that the short-term trend is bullish. An extension of the bullish setup should see the stock charting a fresh “higher high” to test the MYR0.475 level, followed by MYR0.52. A fall below the MYR0.37 support level would negate the bullish setup.

Source: RHB Securities Research - 10 Jul 2024