Tuesday, June 13, 2017

Technical Analysis Jun 2017: REDTONE (0032)



REDTONE INTERNATIONAL BERHAD 

Observation from Chart:-

REDTONE break descending triangle support level.

How low will it go?

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

Immediate resistance @ RM0.47 level.
Subsequent resistance @ RM0.50 level.

Immediate support @ RM0.39 level.
Subsequent support @ RM0.36 level.

Let's watch closely.

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