RHB Retail Research
Trading Stocks - Redtone International
Redtone International’s buying momentum may have returned after it recently rose above the 21-day SMA line. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A positive bias may emerge above the MYR0.36 level, with an exit set below the MYR0.335 threshold. Towards the upside, the immediate resistance is at the MYR0.415 level. This is followed by the MYR0.44 level.
Source: RHB Securities Research - 23 Aug 2019
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