RHB Retail Research
Trading Stocks - Redtone Digital
Redtone Digital is resuming the uptrend after it breached above the recent high of MYR0.535 on strong volume – printing a White Marubozu candlestick. If it stays above that level, the momentum is expected to propel the stock towards the next MYR0.58 resistance, before possibly hitting the multi-year high of MYR0.61. That said, this expectation will be cancelled if it falls below the support of MYR0.50.
Source: RHB Securities Research - 7 Oct 2021
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