Closed:                    96 sen

Resistance:              (R1) RM1.09 / (R2) RM1.21

Support:                  (S1) 92.5 sen /(S2) 80 sen

Aeon Co (M) Bhd (6599) rose 2 sen to 96 sen yesterday to stay above the 200-day moving average (orange line).

Technical indicators are encouraging with the MACD rising above its signal line and the RSI is hovering in the overbought zone.

After the recent surge, the stock could pull back on profit taking but has a chance to extend its rebound if share price sustains above its immediate support of 92.5 sen marked the 200-day moving average (orange line) and 23.6% Fibonacci retracement level.