RHB Retail Research
Trading Stocks - AEON Co
AEON Co jumped above the immediate resistance level of MYR1.34 with higher trading volume. This showed that the stock may have completed its sideways consolidation and is poised to extend its upward movement. The next resistance level is pegged at MYR1.39, followed by MYR1.44. Meanwhile, if the support level of MYR1.27 is breached, this expectation would be cancelled.
Source: RHB Securities Research - 14 Apr 2021
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