RHB Retail Research
Trading Stocks - Redtone Digital
Redtone Digital is set for an uptrend reversal after it broke away its six-week consolidation zone on surging trading volume. The “higher high” pattern above the MYR0.455 breakout level indicates a bullish bias has emerged. The bulls may eye to test the next resistance at MYR0.50, followed by MYR0.55. However, falling below the MYR0.435 support may signal a downtrend.
Source: RHB Securities Research - 7 Sept 2021
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