Friday, July 5, 2019

Technical Analysis July 2019: REDTONE (0032)


REDTONE INTERNATIONAL BERHAD 

Observation from Chart:-

REDTONE succeed breakout RM0.37 resistance level.

How high will it go?

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

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

Immediate support @ RM0.37 level.
Subsequent support @ RM0.32 level.

Let's watch closely.

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