GTRONIC rose 23.0 sen (+11.98%) to close at RM2.15 yesterday.
Chart-wise, the share has been consolidating between a range of RM1.36 and RM2.10 since the beginning of this year. Notably, yesterday’s long white candlestick managed to punch through and close above the key resistance level at RM2.10.
Should buying momentum persists to hold the share above the foresaid key level, expect the share to trend higher to test resistances at RM2.32 (R1) and RM2.55 (R2)
On the other hand, support levels can be found at RM1.82 (R1) and RM1.37 (R2).
REDTONE (Not Rated)
Yesterday, REDTONE gained 1.0 sen (+2.27%) to close at RM0.450.
Chart-wise, the share has been on a steady uptrend since March this year, which saw the share currently trading above all of its key-SMAs.
With room for further upticks on RSI and Stochastic indicators, we believe that the share may be poised for more upside possibility.
Key resistance levels to look out for are RM0.515 (R1) and RM0.565 (R2).
Conversely, downside supports can be identified at RM0.340 (S1) and RM0.275 (S2).
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