REDtone Digital’s buying interest is back after it broke out of the 2-week bullish flag pattern with a white candle yesterday. The stock pushing near its 52-week high, supported by rising EMAs, likely indicates that upward momentum may be picking up. A bullish bias may emerge above the RM0.68 level, with stop-loss set at RM0.65, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.78, followed by RM0.80.

Entry : RM0.68–0.715

Target : RM0.78, RM0.80

Exit : RM0.65

Source: AmInvest Research - 10 Oct 2023