RHB Retail Research
Trading Stocks - Redtone International
Redtone International may climb higher after it breached the MYR0.50 threshold. Last Friday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.50 level, with an exit set below the MYR0.435 threshold. Towards the upside, the immediate resistance is at the MYR0.55 level. This is followed by the MYR0.60 mark.
Source: RHB Securities Research - 7 Oct 2019
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