Rakuten Trade Research Reports
Technical View - Redtone Digital Berhad
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Publish date: Tue, 13 Sep 2022, 09:36 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Redtone Digital Berhad (REDTONE, 0032)
• Share price closed 4.12% higher at RM0.445 on Monday.
• REDTONE broke up from its resistance level of RM0.43 yesterday and closed with a white marubozu candlestick. As the 5G deliberation is going to settle soon and with indicators showing uptick momentum, the share price is poised to go higher.
• Resistance levels are identified at RM0.455 (R1) and RM0.48 (R2).
• On the flipside, support levels are pegged at RM0.41 (S1) and RM0.405 (S2).
Source: Rakuten Research - 13 Sept 2022
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