REDtone Digital is eyeing to resume the upward trajectory as it surged towards the immediate resistance with high volume. The stock has been climbing higher while volume has increasing in tandem, showing that strong momentum is underway. If it breaks past the MYR0.745 resistance, the stock will extend the upside movement towards MYR0.78, followed by MYR0.83. Conversely, falling below the MYR0.685 support will open the door for a downward correction.

Source: RHB Securities Research - 30 Oct 2023