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Stock Picks Of The Day – AEON Co (M), DIALOG

Business Today ·  Jul 31 08:37

AEON Co (M) is poised to extend its upside movement after breaking past the resistance on strong volume.

The stock has crossed above the 21-day SMA line and closed above the MYR1.42 consolidation zone resistance.

Riding on the renewed momentum, it is eyeing to test the next resistance of MYR1.50, followed by MYR1.58.

Conversely, breaching below the MYR1.33 support will negate the bullish setup.

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DIALOG is eyeing to stage a bullish breakout, testing the immediate resistance on high volume.

Yesterday, the counter charted a bullish candlestick and closed above the 21-day SMA line, showing bullish momentum is gaining traction.

If it breaks past the MYR2.55 resistance, the counter will travel towards MYR2.70, and followed by the MYR2.90 mark.

Conversely, falling below the MYR2.33 support will kickstart the bearish phase.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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