Aemulus Holdings
In the technical analysis report released by RHB Research (dated 29 June 2022), Aemulus is set for a rebound following three consecutive bullish sessions from the recent bottom – surpassing the 21-day average line and immediate resistance. If it manages to sustain above yesterday’s breakout level of MYR0.64, the bullish bias may propel the stock towards the MYR0.68 resistance, followed by the MYR0.71 next resistance, which was 3 Jun’s high. However, the stock may reverse direction if it falls below the MYR0.60 support – forming a “lower low” bearish pattern below the average line.
MY E.G. Services
This counter, in the said technical analysis report, is set to rebound higher as it managed to sustain above the MYR0.88 level yesterday following the breakout on Monday – it also reclaimed above the 21-dayaverage line on stronger trading volume. The bullish bias above that level may see the stock climb further towards the MYR0.93 resistance, or 1 June’s high, followed by MYR0.955, or 5 May’s high. If it falls below the support level of MYR0.855, the stock may trend downwards below the average line.
