RHB Retail Research
Trading Stocks - Aemulus
Aemulus surged with higher trading volume, breaking out from the immediate resistance marked at MYR0.745. Underpinned by strong momentum, we think the stock will trend higher to test the next hurdle at MYR0.80, followed by MYR0.85. A downside breach of the MYR0.69 support would negate this expectation, and see a stock price correction.
Source: RHB Securities Research - 4 Feb 2021
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