KUALA LUMPUR (Nov 23): RHB Retail Research said Aurelius Technologies Bhd is poised for an uptrend reversal as it bounced off the 21-day average line on Tuesday (Nov 22), while attempting to surpass the immediate resistance of RM1.69, firming up its “higher low” bullish pattern.

In a trading stocks note on Wednesday, the research house said if the stock manages to break above that level — forming a “higher high” bullish structure — the stock should head north towards the six-week high of RM1.81 resistance, followed by RM1.87, or Oct 7’s high.

“Conversely, the stock may reverse direction if it falls below the RM1.58 support, forming a 'lower low' bearish structure beneath the average line,” it said.