AEON (Not Rated)

• Yesterday, AEON climbed a further 8 sen (4.8%) to close at RM1.75, marking its third consecutive day of gains, backed by strong trading volumes.
• The rally for the past few days could be an early indication of a reversal from its long downtrend, having bottoming out endlast month.
• Indicator-wise, the share price has also cut-above its 20-day and 50-day SMAs, with strong displays from its MACD and RSI.
• From here, look out for resistances at RM1.81 (R1) and RM2.04 (R2). Conversely, should follow-through momentum fail to sustain, expect a firm support at its all-time low of RM1.45.

AWC (Not Rated)

• AWC rose 3.5sen (4.24%) to close at RM0.860 on higher than average trading volume.
• Overall technical outlook looks positive with the MACD line being above the Signal line and the share price trading above Key SMAs.
• We think that the share is showing early signs of bottoming out from a downtrend. Should this continue, we expect the share to rally towards RM0.900 (R1) with further resistance found at RM1.00 (R2).
• Any short-term negativity that may arise will see RM0.820 (S1) and RM0.730 (S2) acting as support levels where investors could buy in and accumulate.

Source: Kenanga Research - 6 Mar 2018