Aemulus may rebound higher, says RHB Retail Research

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KUALA LUMPUR (July 12): RHB Retail Research said Aemulus Holdings Bhd may rebound higher after it continued holding above the 23 sen support.

In a trading stocks note today, the research house said this close has sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment.

“A bullish bias may appear above the 24.5 sen level, with an exit set below the 23 sen threshold.

“Towards the upside, the near-term resistance is at 28 sen. This is followed by the 30 sen level,” it said.