RHB Retail Research
Trading Stocks - REDtone International
REDtone International may rebound higher after it continued holding above the MYR0.50 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.53 level, with an exit set below the MYR0.50 threshold. Towards the upside, the immediate resistance is at the MYR0.60 mark. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 13 Dec 2019
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