RHB Investment Research Reports
Trading Stocks - REDtone Digital
rhbinvest
Publish date: Thu, 18 Jan 2024, 04:26 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Jalan Tun Razak
Kuala Lumpur
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Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
REDtone Digital is poised to scale higher after staging a bullish breakout on key resistance. Yesterday, the stock rose above the MYR0.83 resistance on high volume and printed a fresh bullish candlestick. Expect a follow-through momentum to lift the stock towards the next resistance pegged at MYR0.88, followed by MYR0.93. On the flip side, falling below the MYR0.78 support will negate the bullish setup.
Source: RHB Securities Research - 18 Jan 2024
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