Rakuten Trade Research Reports
Technical View - AEON Co. (M) Bhd (AEON, 6599)
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Publish date: Thu, 05 Dec 2019, 09:25 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
AEON Co. (M) Bhd (6599)
• AEON rose 6 sen or 4.1% to RM1.53 yesterday.
• Share price finished at an intra-day high yesterday. Share price may have shown bottoming signs given recent positive development from key indicator and we expect it to trend higher.
• From here, resistance levels are seen at RM1.60 (R1) and RM1.65 (R2).
• Conversely, support levels can be identified at RM1.45 (S1) and RM1.40 (S2).
Source: Rakuten Research - 5 Dec 2019
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