Tuesday, September 04, 2018

AEONCR: Bullish Breakout

AEONCR broke above the line connecting the peaks for the past 9 months, denoted as "AB" at RM15.30. As at 4.25pm, AEONCR is now trading at RM15.40. If it can stay above the line, AB, AEONCR will likely to continue with its prior uptrend. Its potential target based on a 1-to-1 extension will be RM17.50-18.00.

Chart: AEONCR's daily chart as at Sep 4, 2018_4.25pm (Source: Malaysiastock.biz)

Based on bullish breakout, AEONCR could be a good trading BUY.

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