RHB Retail Research
Technical Analysis - Aeon Co. (M)
Aeon may rebound further after it tested the MYR1.50 support in recent sessions. As the stock marked a higher close vis-à- vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR1.60 level, with an exit set below the MYR1.50 threshold. To the upside, the nearterm resistance is at MYR1.73. This is followed by the MYR1.86 level.
Source: RHB Securities Research - 16 Oct 2018
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