Redtone Digital Berhad

• Share price closed 0.97% higher at RM0.52 on Monday.

• REDTONE has been hovering near its support level at RM0.51. Improved buying interest was seen yesterday as share price closed marginally higher, indicating possible signal of a rebound. Coupled with indicators showing uptick momentum, the share price is poised to go higher.

• Resistance levels are identified at RM0.535 (R1) and RM0.55 (R2).

• On the flipside, support levels are pegged at RM0.51 (S1) and RM0.50 (S2).

Source: Rakuten Research - 4 Apr 2023

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