RHB Retail Research
Trading Stocks - Redtone International
Redtone International may climb higher after forming a long white candle and leaving an upside gap. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR0.34 level, with an exit set below the MYR0.30 threshold. Towards the upside, the near-term resistance is at MYR0.385. This is followed by the MYR0.40 level.
Source: RHB Securities Research - 27 Jun 2019
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