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Friday, December 24, 2010

AEON on consolidation path

I posted AEON chart on 23 December 2010, suggesting that it is about to have short term weakness . True enough, on 24 December there was a spike down from the previous close of 6.24 to 5.82 with a small volume.. It closed at 6.10 for a 19 sen loss which is equivalent to 2.9% decrease. I think that the correction of AEON is not over yet and those who wish to invest in AEON should wait for a while longer.
For those who have invested at lower level should sell on strength as you have a good chance to buy back lower.

As usual, if you use what is written above to buy or sell the risks and rewadrs are entirely yours as only the opinion is mine.  Best of luck from me.

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