RHB Retail Research
Trading Stocks - Aeon Co. (M)
Aeon Co. may rebound higher after it continued holding above the MYR1.35 support. The upward momentum is likely to continue, given that it has breached above the downtrend line drawn in the chart. A positive bias may emerge above the MYR1.40 level, with an exit set below the MYR1.35 threshold. Towards the upside, the immediate resistance is at the MYR1.51 mark. This is followed by the MYR1.59 level.
Source: RHB Securities Research - 22 Jan 2020
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