Technical Analysis May 2017: REDTONE (0032)
REDTONE INTERNATIONAL BERHAD
Observation from Chart:-
REDTONE forming descending triangle pattern
Will it retest RM0.47 support level?
Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.52 level.
Subsequent resistance @ RM0.54 level.
Immediate support @ RM0.47 level.
Subsequent support @ RM0.435 level.
Let's watch closely.
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