Aurelius Technologies is poised to break past the sideways consolidation phase as it bounced towards the immediate resistance of MYR2.17 last Friday. If it manages to breach above that level – forming a “higher high” bullish pattern – the bulls may be set to propel towards the next resistance at MYR2.65 followed by MYR3.00 psychological mark. However, the momentum may lose steam if it falls below the MYR2.00 psychological support, as it may form a “lower low” bearish pattern.

Source: RHB Securities Research - 3 Feb 2022