TeropongBursa
Long

SHORT TERM TRADE - AEON CO - BUY ON TECHNICAL REBOUND

MYX:AEON   AEON CO. (M) BHD
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2
AEON Co showing some buying strength. Recent uptrendline is broken, however a potential technical rebound play to T1 (along green line) and if momentum is strong enough, might even goes back into trendline for T2 (along green line). Immediate support is at S1. RSI is still in bullish territory.
Comment: low volume gain today, opportunity to collect before big players make their move.
Comment: large buying interest today and candle is testing resistance T1. breaking this level will signal a positive sign of the uptrend is intact and set to test T2. If price rejected T1, a trend reversal might be around the corner and is expected to test S1. A short term trend reversal is confirmed if S1 is broken.
KAMARUL NIZAM
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