RHB Investment Research Reports
Trading Stocks - AEON Co (M)
rhbinvest
Publish date: Wed, 31 Jul 2024, 09:44 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AEON Co (M) is poised to extend its upside movement after breaking past the resistance on strong volume. The stock has crossed above the 21-day SMA line and closed above the MYR1.42 consolidation zone resistance. Riding on the renewed momentum, it is eyeing to test the next resistance of MYR1.50, followed by MYR1.58. Conversely, breaching below the MYR1.33 support will negate the bullish setup.
Source: RHB Securities Research - 31 Jul 2024
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