AEMULUS trade ideas
Aemulus - dropping to Strong Support?The plunge seems stabilizes. It is a big possibility we're seeing a reversal towards bullish movement if today's candle closes as a bullish one. Bankers are intact at 68% and reduction of volume is healthy.
Support at 810~830 and resistants at 900, 950, 980 and 1040.
Aemulus possible to break ATH and sit above 1.050Sitting well above trend line support, this counter has potential to go up further due to strong banker chip presence and healthy RSI below 60. Bullish MACD Crossover is predicted to happen anytime soon for next few trading days. This counter needs to be solidly closed above 95 sen next week to be seen as a strong mid to long term counter priced between RM1~1.50.
Disclaimer: Trade at your own risk.
AEMULUS PAVING THE WAY TO NEW HIGH1) Aemulus going through a long consolidation phase starting from August 2020
2) Recently breakout all time high
3) Volume actively traded recently
4) Price now recently rebound at the half candle (fibo 38)
5) Pending breakot flag pattern
Allah dalam mafhumnya “Dan Mereka Merancang,Allah juga merancang, Dan Allah sebaik-baik Perancang.” (Surah al-Imran, ayat 54)
TRADE AT YOUR OWN RISK
TP Calculation based on PnF with EW projectionTraditional TP: 1.330
Aggressive TP: 1.505
Aemulus Holdings Bhd is engaged in designing and assembling of automated test equipment and test and measurement instruments and the provision of their related services and design consultancy services. The company operates through the electronic tester segment. Its products include Discrete Amoeba 4100, Analog Amoeba 4200, Digital/Mixed Signal Amoeba 4600, and RF Amoeba 7600. Geographically the group’s business presence is seen across the region of Malaysia, Singapore, China, the United States of America, and Other Countries.
AEMULUS- CHANNEL PATTERNAEMULUS have been sideway for 5 months.
To trade in sideway phase, you can either enter during breakout of the channel or you can buy at the support of the channel(green arrow) and sell at the resistance
If let say it breakout this time, your tp is 0.975.
Please leave a like and comment if this helpful to you :)
Trading Idea AEMULUS (29/01/2021) Trading Idea AEMULUS (29/01/2021)
- Breakout and crossed EMA50.
- Entry within the green zone (T2/T3).
- Target and stop-loss as drawn.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
AEMULUS for Friday RuleAEMULUS broke 52WH point - a good candidate for Friday Rule
Technically a good turnaround company. company has been steadily moves to positive net profit and based on the last Q3 result, it has been better. It looks like their transformation strategy from generic platform to application specific and niche platform works well.
We will continue monitoring the progress for next week :)
Morubozu: Half candle theorySolid MORUBOZU candle formed on 9th October, signalling a good chance for us to test the half-candle theory.
I would expect the price to hold above RM0.730 in the following few trading days. If the stock price maintains above RM0.730 with sufficient volume, the price will go up.
My prediction based on the strategy is as follows:-
Current price: RM0.740
Entry price: Anything above RM0.730
Support price: 1. RM0.730 2. RM0.695
Target price: RM0.805
Entry must be supported with oscillator indicator (RSI>50) and volume traded (>daily average volume).