RHB Investment Research Reports

Trading Stocks - REDtone Digital

Publish date: Thu, 18 Jan 2024, 04:26 PM
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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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