RHB Retail Research
Trading Stocks - Aeon Co (M)
Aeon Co (M) is seen attempting to stage a rebound in the latest session on strong volume. This was after it came near to testing the multi-year low of MYR0.785 over the latest two sessions. A positive bias may emerge above MYR0.80 with resistance levels eyed at MYR0.835 followed by MYR0.855. A downside breach of MYR0.80 would invalidate this expectation.
Source: RHB Securities Research - 15 Sept 2020
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