Observation from Chart:-
REDTONE been trading sideway since end of March & forming bolinger band squeeze.
Will it breakout the squeeze?
Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger buy call, pending confirmation.
High posibility will retest RM0.78 resistance level.
If positive news flow, it might be breakout RM0.78 resistance
Immediate support @ MA20 / MA50 level.
Subsequent support @ MA100 level.
Do watch out upcoming quarterly result, it will be announce soon.
Let watch closely.
0 comments:
Post a Comment