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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