RHB Retail Research
Trading Stocks - Redtone Digital
Redtone Digital is poised to extend its uptrend after breaking above its previous resistance while forming a “higher low” – an extension of the uptrend structure. If it manages to stay above the resistance-turn-support level of MYR0.425, the positive momentum may lift it towards the next resistance at MYR0.46, followed by MYR0.49. If the support level of MYR0.415 is broken, this trading set-up would be nullified.
Source: RHB Securities Research - 13 Apr 2021
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