Aeon Co was testing the RM1.80 level in its latest session. With a neutral RSI level, it may experience a further rebound above this point with a target price of RM1.89, followed by RM2.03. Meanwhile, it may turn sideways if it fails to cross the RM1.80 mark in the near term. In this case, support is anticipated at RM1.64, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.80

Target: RM1.89, RM2.03 (time frame: 3-6 weeks)

Exit: RM1.64

Source: AmInvest Research - 7 Nov 2018