RHB Retail Research
Technical Analysis - Aemulus
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Aemulus may trend higher after it formed a long white candle and breached above the MYR0.40 threshold. In view that the 21-day SMA line will likely begin turning upwards, this is a positive sign. A bullish bias may appear above the MYR0.40 level, with an exit set below the MYR0.355 threshold. Towards the upside, the near-term resistance is at MYR0.455. This is followed by the MYR0.52 level.
Source: RHB Securities Research - 4 Jul 2018
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