Wednesday, August 26, 2020

Technical Analysis Aug 2020: AEON (6599)

 

AEON CO. (M) BHD 

Observation from Chart: 

AEON (6599) rebound from RM0.79 support level.

Will it retest downtrend resistance level? 

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K at BUY itinerary. 

Immediate resistance @ RM0.91 level. 
Subsequent resistance @ RM0.96 level. 

Immediate support @ RM0.79 level. 
If break RM0.79, lower low is confirm. Downtrend may resume.

Let's watch closely.

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