AEON Co is poised to extend its uptrend after it attempted to break the immediate resistance of MYR1.49 on high trading volume – forming a white body candlestick with an upper shadow. Underpinned by the “higher low” pattern, a bullish bias may emerge in the event it breaches the immediate resistance level – also its 52-week high. If that occurs, the bullish momentum will propel the stock towards its next resistance of MYR1.58, followed by MYR1.74. Meanwhile, falling below the MYR1.41 support would see the stock move south

Source: RHB Securities Research - 26 Aug 2021