RHB Retail Research

Trading Stocks - Aeon Co (M)

rhboskres
Publish date: Mon, 02 Mar 2020, 09:48 AM
rhboskres
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RHB Retail Research

Aeon’s buying momentum may have returned after it rose above the 21-day SMA line. Last Friday’s candle sent the stock to its 3-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.34 level, with an exit set below the MYR1.28 threshold. Towards the upside, the immediate resistance is at the MYR1.45 mark. This is followed by the MYR1.51 level.

Source: RHB Securities Research - 2 Mar 2020

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