Saturday, October 5, 2019

Technical Analysis Oct 2019: REDTONE (0032)


REDTONE INTERNATIONAL BERHAD 

Observation from Chart:-

REDTONE forming higher high & higher low.

How high will go?

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

Immediate resistance @ RM0.555 level.
Subsequent resistance @ RM0.60 level.

Immediate support @ RM0.50 level.
Subsequent support @ RM0.475 level.

Let's watch closely.


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