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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 27 Mar 2020, 9:10 AM

 

Stocks on Radar - REDtone International (0032)

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REDtone International was testing the RM0.48 level during its intraday high. With a rising RSI above 60%, a bullish bias may be present above this mark with short-term target prices of RM0.52 and RM0.55. Meanwhile, it may continue moving sideways if it fails to cross the RM0.48 mark in the near term. In this case, the downside support is anticipated at RM0.45, whereby traders may exit on a breach to avoid the risk of a further correction  

Trading Call: Buy upon breakout above RM0.48 Target: RM0.52, RM0.55 (time frame: 3-6 weeks) Exit: RM0.45

Source: AmInvest Research - 2 Oct 2019

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Labels: REDTONE

Related Stocks

Chart Stock Name Last Change Volume 
REDTONE 0.26 +0.005 (1.96%) 6,917,900 

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