RHB Retail Research
Trading Stocks - AEON Co. (M)
AEON may rebound further after it tested MYR1.51 support in a recent session. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.51 level, with an exit set below that threshold. Towards the upside, the near-term resistance is at MYR1.65. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 17 Jun 2019
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