6599 AEON.CO(M)BHD TIME FRAME DAILY 1 YEARS It Is Patten Ascending Triangle ?
Waiting To Breakout ?
Resistant area at price RM1.550(4 TIMES TOUICH PRICE RM1.550).
Support area at price RM 1.470.
AEON trade ideas
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.
Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform myAEON2go.
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.
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.
Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform myAEON2go.
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.
BREAK UPPER HORIZONTAL LINE AEONLatest sales and profit increasing in QOQ anf YOY.Price has broke the the horizontal line.So far so good
VCP SETUP AEONStrong company.Latest Quarter report shows higher profit on QOQ and YOY.Price gap up and break out horizontal line with high volume,after announcement of the quarter report
AEON IN BULLISH HARMONIC PATTERNAEON'S current chart resembles that of bullish bat harmonic pattern where the potential reversal zone is above Point D.
AEON - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
AEONTrade ideas for this counter.
Buy on weakness when price around 0.9 with min SL placement.
Hidden zone is confluence with SR flip area where triangle breakout / Inside bar setup happened at this area at lower timeframe.
AEON - trade ideas for next weekMy view for this counter for week 11/1-15/1/21
Expecting retracement until level 50-61.8%
Happy trading
Tayor
AEONTrade ideas for this counter..
Trendline breakout indicate price will push up higher..
Wait for retracement preferably at green zone area where big round number BRN RM 1.0 and support confluence each other for best entry.
Happy Trading
Tayor
AEON - May See Further Recovery PlayAEON
Theme: Recovery
Rst: 1.24
Spp: 1.13
New support at Fibo Ext 61.8% or 1.13 proven to be hard to violate now, bullish momentum will continue to emerge in tandem with broadening BB, coming hurdle to break is 1.24
Correction completed?0.930 a sweet support for double bottom. 1.010 is the resistance.
AEON seems starting to change from downtrend to side moving, wish to see it set another position at 0.960 with RSI 50, following breaking 1.010 to get larger potential going up.
If AEON unable to get out from downtrend band, Flat Bottom will tell.
Monitor - AEON Bullish, Uptrend and Strong Bull
MCDX Banker Spike more than 10% and turned strong RED bar.
Volume increases 3x.
ATOM Neutral
spt 0.98, rst 1.2, 1.4, 1.5
AEON Trade below fair valueAEON is being trade below its fair value. Crossing of the uptrend, confirmation day.
AEON - maybe last wave for rallyFor my own record and not buy or sell call.
My opinion, this might be the last rally wave
Target price and support line as per chart
Up trend is not strong and trend can be turned anytime.
AEON STOCK PICK FROM EXPERT 03012021
2021 STOCK PICK FROM EXPERTS
PURPLE LINE = STRONGER SUPPORT
RED LINE = MINOR SUPPORT
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
AEONBest to buy after price cross up last resistance level at RM1.19. Next resistance is RM1.375 which is 15.25% or RM0.18.
