Tuesday, April 11, 2017

Technical Analysis Apr 2017: REDTONE (0032)



REDTONE INTERNATIONAL BERHAD

Observation from Chart:-

REDTONE forming descending triangle pattern?

Will it retest RM0.46 support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM0.57 level.
Subsequent resistance @ RM0.60 level.

Immediate support @ RM0.46 level.
Subsequent support @ RM0.435 level.

Let's watch closely.

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