RHB Retail Research: Aeon attempts rebound on strong volume

RHB Retail Research says Aeon Co (M) Berhad is seen attempting to stage a rebound in the latest session on strong volume. This was after it came near to testing the multi-year low of RM0.785 over the latest two sessions.

In a trading note, the research house says a positive bias may emerge above RM0.80 with resistance levels eyed at RM0.835 followed by RM0.855.

A downside breach of RM0.80 would invalidate this expectation.

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