Monday, February 6, 2012

Technical Analysis Feb 2012: REDTONE (0032)


Observation from Chart:-

3 Feb 2012, REDTONE break down MA20 support level.

Will it retrace down to MA50 support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K NO trigger buy call yet.

High posibility will retest RM0.30 support level.
If unable rebound, MA50 would be the next support level.

Let watch closely for entry opportunity.

1 comment:

  1. Good to know that we share similar view on Redtone. Do check it out since we are tracking same stocks. Nice to know another blogger.