Aurelius Technologies may trend higher after it broke above the RM2.80 resistance with a long white candle yesterday. As the 20-day and 50-day EMAs have established their bullish crossover a few candles back, additional upside strength may be present in the near term. A bullish bias may emerge above the RM2.80 level with stop-loss set at RM2.68, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM3.30, followed by RM3.50.

Entry : RM2.80–3.00

Target : RM3.30, RM3.50

Exit : RM2.68

Source: AmInvest Research - 3 May 2024