Aumas Resources Berhad (AUMAS, 0098)

• AUMAS broke out from its 2-month bullish flag pattern with a strong white candlestick, signalling a potential trend continuation after a short-term consolidation. The resurgence of buying interest, reflected in the rising RSI, suggests that a bullish convergence may be confirmed in the near term.

• Thus, we expect the upward trajectory to steer the stock higher and test the initial resistance at RM1.00 (R1) followed by RM1.10 (R2).

• On the downside, stop-loss is set at RM0.70.

Source: Rakuten Research - 3 Feb 2025

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