RHB Retail Research
Technical Analysis - Aeon Credit Service
Aeon Credit Service may climb higher after posting a long white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the rebound from 24 Aug’s “Hammer” pattern. A bullish bias may appear above the MYR15.24 level, with an exit set below the MYR14.72 threshold. Towards the upside, the near-term resistance is at MYR16.00. This is followed by the MYR17.00 level.
Source: RHB Securities Research - 5 Sept 2018
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