Wednesday, July 15, 2020

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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