Aemulus Holdings
Aemulus is eyeing a counter-trend rebound as it inched higher – surpassing the 21-day average line – and headed towards the MYR0.665 immediate resistance. Coupled with strong volumes, if it manages to surpass that level – forming
a “higher high” bullish pattern – the stock may persist its uptrend reversal towards MYR0.71. This is followed by the MYR0.76 next resistance. However, the stock may move in downtrend heading if it falls below the MYR0.615 support, as it forms a “lower low” bearish pattern – reclaiming below the average line.
Greatech Technology
This counter is poised for an uptrend reversal after it climbed positively to hit the MYR3.80 level yesterday on high volumes. If a breakout happens above that level, the stock may propel further towards the MYR4.14 strong resistance – April’s consolidation level. This is then followed by the next resistance at MYR4.44. If it falls below the immediate support of MYR3.58 – forming a “lower low” bearish pattern –the stock may trend downwards.
Tenaga Nasional
TNB is eyeing to resume its uptrend as it rebounded from its recent pullback, heading towards the MYR9.25 recent high. If it manages to surpass that level, the stock may persist its bullish momentum towards MYR9.50 and then the MYR9.70 threshold. Conversely, the momentum may reverse if it drops below the MYR9.04 support – drawing a “lower low” bearish pattern beneath the 21-day average line.
Harbour-Link Group
This counter attempted to propel higher yesterday as it hit the intraday high but retreated towards the close. If the
buying interest re-emerges and surpasses yesterday’s high of MYR1.30, the bulls may drive the stock towards MYR1.38 – the
highest level printed this year. This will be followed by the MYR1.45 next resistance. Meanwhile, a drop below the MYR1.20 support may cause the bullish momentum to lose steam, as it negates the recent breakout level.
