Aemulus may reclaim historical high, says RHB Retail Research

Aemulus may reclaim historical high, says RHB Retail Research
-A +A

KUALA LUMPUR (Dec 9): RHB Retail Research said Aemulus Holdings Bhd may reclaim its historical high as it moved towards the RM1.18 resistance on Wednesday (Dec 8) on high volume.

In a trading stocks note on Thursday, the research house said if the stock manages to surpass that level, the bullish momentum may propel the stock towards the historical high of RM1.26, before printing a new high of RM1.30.

“However, falling below the RM1.12 support – beneath the 21-day average line – may see the stock descending further,” it said.