Aemulus Holdings is poised for a rebound from the recent pullback, after it hit the immediate resistance of MYR1.09 – above the 21-day average line. If it breaches that level, the momentum is expected to follow through, which may propel the stock towards the recent high of MYR1.15, before reaching MYR1.21 or its all-time high. However, this expectation will be cancelled if it falls below the support of MYR1.02.
Source: RHB Securities Research - 5 Oct 2021
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Created by rhboskres | Aug 26, 2024