REDtone International may move higher after it breached above the MYR0.50 mark. The stock has posted another white candle, leaving an upside gap – which is a positive sign. A positive bias may emerge above the MYR0.50 level, with an exit set below the MYR0.465 threshold. Towards the upside, the immediate resistance is at the MYR0.555 mark. This is followed by the MYR0.58 level.
Source: RHB Securities Research - 5 Feb 2020
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Created by rhboskres | Aug 26, 2024