KUALA LUMPUR (July 4): RHB Retail Research said Aemulus Holdings Bhd may trend higher after it formed a long white candle and breached above the 40 sen threshold.
In a trading stocks note today, the research house said in view that the 21-day SMA line will likely begin turning upwards, this is a positive sign.
“A bullish bias may appear above the 40 sen level, with an exit set below the 35.5 sen threshold.
“Towards the upside, the near-term resistance is at 45.5 sen. This is followed by the 52 sen level,” it said.