RHB Retail Research
Trading Stocks - AEON Co (M)
AEON may rebound higher after it continued holding above the MYR1.38 support. Yesterday’s close sent the stock to its highest close in more than six weeks, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.46 level, with an exit set below the MYR1.38 threshold. Towards the upside, the near-term resistance is at MYR1.53. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 29 May 2019
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