Technical Analysis July 2020: REDTONE (0032)
REDTONE INTERNATIONAL BERHAD
Observation from Chart:-
REDTONE forming descending triangle pattern.
Will it break the support & go lower ?
Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM0.40 level.
Subsequent resistance @ RM0.45 level.
Immediate support @ RM0.37 level.
Subsequent support @ RM0.35 level.
Let's watch closely.
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