RHB Retail Research
Technical Analysis - Aeon Credit Service (M)
Aeon Credit Service may climb higher after forming a white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR16.00 level, with an exit set below the MYR15.10 threshold. Towards the upside, the near-term resistance is at MYR17.00. This is followed by the MYR18.00 level.
Source: RHB Securities Research - 28 Sept 2018
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