RHB Investment Research Reports
Trading Stocks - AEON Co
rhbinvest
Publish date: Mon, 07 Mar 2022, 08:51 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Kuala Lumpur
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AEON Co is set to rebound further after a recent pullback, as it attempted to reclaim the area above the previous breakout level of MYR1.46. If it manages to do so, the bulls may strengthen the uptrend as it moves towards the next resistance of MYR1.57 (the 52-week high), followed by MYR1.83. However, the momentum may lose steam if it falls below the MYR1.40 support, ie below the 21-day average line.
Source: RHB Securities Research - 7 Mar 2022
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