RHB Retail Research
Trading Stocks - Aemulus
Aemulus is attempting to breakout from a sideway consolidation zone, rebounding to test the resistance level of MYR0.72. For the uptrend to resume, we need to see it a breach past the resistance level together with higher trading volume. If this happens, expect the bullish momentum to reach the next resistance of MYR0.77, followed by MYR0.87. A downside breach of the MYR0.62 support would nullify this expectation.
Source: RHB Securities Research - 19 Oct 2020
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