Friday, February 28, 2014

Technical Analysis Feb 2014: AEON (6599)

AEON CO. (M) BHD

Observation from Chart:-

After proposed BONUS ISSUE & SHARE SPLIT, AEON (6599) gapped up from RM13.48 to RM14.20

Will it breakout RM14.45 resistance & go higher?

Other indicator:-
MACD at positive region, uptrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ MA20 / MA50 level, which is around RM13.40
Subsequent support @ RM11.80 level.
Immediate resistance @ MA100 level, which is around RM14.45
Subsequent resistance @ MA200 level, which is around RM15.00

On 27 Feb, AEON proposed:-
(I)  BONUS ISSUE
(II) SHARE SPLIT
For more details, pls check out @ Bursa Malaysia website.

Based on pass history, either BONUS ISSUE or SHARE SPLIT theme do make respective counter kickoff their bull run...
Example: WELLCAL (7231), DSONIC (5216), GDEX (0078)

Let watch closely AEON (6599)
.

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