RHB Retail Research
Trading Stocks - Aeon Co. (M)
Aeon was testing the MYR1.52 level in recent sessions. A bullish bias may be present above this point with a target price of MYR1.60, followed by MYR1.70. The stock may drift sideways if it cannot surpass the MYR1.52 threshold in the coming sessions. Support may be found at MYR1.39, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 11 Jan 2019
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