RHB Retail Research
Technical Analysis - Aeon Co. (M)
Aeon’s buying momentum may have returned after it rose above the 21-day SMA line. This close has sent the stock to its highest close in more than three weeks, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR1.71 level, with an exit set below the MYR1.51 threshold. Towards the upside, the immediate resistance is at MYR1.89. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 23 Oct 2018
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