AEON(6599) BHD OUTLOOK 13/06/2022AEON BHD has expected an potential outbreak because of following points:-
Leading supermarket stores with 34 AEON stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so throughout Malaysia.
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Retail sales will continue to be driven by a special option of withdrawing RM 10,000 from the Employees Provident Fund.
Technically, traders may anticipate for a potential breakout above RM1.56, targeting the next resistances at RM1.69-1.75 with long term target set at RM1.80.