Aurelius Technologies
Aurelius Technogies is set to propel higher as it managed to sustain above the MYR1.80 breakout level, amid the recent
pullback – while maintaining the “higher high” bullish structure. Coupled with strong trading volume, the late buying pressure observed yesterday may likely persist to drive the stock towards the recent high of MYR1.90 before propelling further towards the MYR2.00 mark. However, the counter may reverse direction if it falls below the MYR1.70 support – trading below the 21-day average line while forming a “lower low” bearish structure.
Cnergenz
This counter is eyeing to print a new high as it bounced off the 21-day SMA line yesterday, heading towards the recent high of MYR1.05. If a breakout happens above that level, the bulls may set to print a new high at MYR1.10, before marking it at the MYR1.15 level. If it falls below the MYR0.94 support, the stock may see a reversal in momentum as it forms a “lower low” bearish pattern, below the 21-day SMA line.
