Aeon Co gapped up to close above the RM1.80 level in its latest session. With a neutral RSI level, it may trend higher above this point with a target price of RM2.06. Meanwhile, it may trend sideways if it falls back below the RM1.80 mark in the near term. In this case, support is anticipated at RM1.67, 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: RM2.06 (time frame: 3-6 weeks)

Exit: RM1.6

Source: AmInvest Research - 15 Nov 2018