Aeon Co. (M) may trend higher after it broke above the RM1.34 resistance and hit its 3-month high yesterday. As its 20-day and 50-day EMAs are converging now and likely to turn up soon, bullish momentum is rising. A bullish bias may emerge above the RM1.34 level, with stop-loss set at RM1.23, below the 18 May low. Towards the upside, near-term resistance level is seen at RM1.42, followed by RM1.50.
Entry : RM1.34–1.35
Target : RM1.42, RM1.50
Exit : RM1.23
Source: AmInvest Research - 26 May 2023
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024