RHB Retail Research

Trading Stocks - REDtone

Publish date: Wed, 24 Nov 2021, 04:50 PM
0 9,020
RHB Retail Research

REDtone may attempt to stage a technical rebound. Observe the stock’s pullback from its October high amid strong profit taking. Trading volume has been decreasing, which signals selling pressure is subsiding. As such, the bullish bias will emerge if it crosses the MYR0.465 immediate resistance. The stock may climb towards the next resistance of MYR0.49, followed by MYR0.53. In the event it breaches below the MYR0.425 support, the positive expectation will be voided.

Source: RHB Securities Research - 24 Nov 2021

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anyone thinks it will hit anywhere near the average target price 0.61 in the first quarter of 2022

2022-01-12 23:12

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