RHB Retail Research
Trading Stocks - Aemulus
Aemulus may move higher after it tested the MYR0.26 support in its latest session. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.275 level, with an exit set below the MYR0.26 threshold. Towards the upside, the immediate resistance is at the MYR0.325 level. This is followed by the MYR0.345 level.
Source: RHB Securities Research - 9 Aug 2019
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