AEON Co breached above the MYR1.83 resistance in the latest session – albeit marginally – and moved further away from the 30-day SMA line. This indicates that its 1-week consolidation phase may have ended and its upward move is resuming. Towards the upside, immediate resistance may emerge at MYR2.06, followed by MYR2.27. Towards the downside, support may be found at MYR1.72, where traders can exit upon a breach.

Source: RHB Securities Research - 15 Nov 2018