AEMULUS Holdings rose to a near six-month high of 32.5 sen on Monday before turning range-bound undergoing mild correction and absorbing a bout of an apparent profit-taking activity. Though the ovebought condition of the stochastic and the 14-day relative strength index suggest further consolidation, the moving average convergence/divergence histogram continues to expand upward against the signal line to keep the bullish note, implying more upside potential in the pipeline, targeting the 40 sen mark. The next upper hurdle is expected at the 45 sen-47 sen band while concrete support is pegged at the 200-day simple moving average of 27 sen.
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