Monday, August 26, 2019

Technical Analysis Aug 2019: REDTONE (0032)



REDTONE INTERNATIONAL BERHAD 

Observation from Chart:-

REDTONE retest RM0.405 strong resistance level.

Will it breakout & go higher?

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

Immediate resistance @ RM0.405 level.
Subsequent resistance @ RM0.44 level.

Immediate support @ RM0.37 level.
Subsequent support @ RM0.335 level.

Let's watch closely.

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