Technical Analysis Feb 2012: REDTONE (0032)
REDTONE INTERNATIONAL BERHAD
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.
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.
ReplyDeletehttp://bullsandsharks.blogspot.com/2012/02/buy-redtone-0032.html