Aeon Credit Service (M) Berhad (AEONCR) provides consumer financing products. It offers products such as easy payment, personal financing and credit cards.
AEONCR made a major Wave 4 low of RM4.35 on 9 August 2011 with grossly oversold signals. Its upward price movement and a MA Golden Cross recently suggest a very firm upward trend. The positive crossovers of its CCI, DMI, MACD, Stochastic and Oscillator indicators also support its firm Wave 5 upward price action.
ACCUMULATE (TECHNICAL) on dips for AEONCR with its firm support levels at RM5.60 and RM6.28. We expect it to test our upside target areas of RM6.91 and RM8.23 soon. Stop-loss is at RM5.58.
FBM KLCI: Key Points
- AEONCR – Buy this stock on dips
- FBMKLCI – May re-test 1,493.28 again
- Obvious supports of 1,442 & 1,472
- 1,474 & 1,500 will cap the rebounds
Some trading stocks that we like are: AEONCR, AMMB,
ARMADA, CIMB, DIGI, GAB, GENP, GENTING, LATEXX,
PBBANK, SOP, SUPERMX, TAANN, TDM, TIMECOM, TSH
TWS, UEMLAND and YTLPOWR.
(Information from MBB)
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