that would be everyone's guess. a reasonable start would be the nearest resistance at around 19sen, then have to re-assess. if the price goes below the 13sen support, it would be bearish :( btw, in the past, this counter has the tendency to flush before fly.
PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED SHARE CAPITAL OF REDTONE FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED TRANSFER")
On behalf of the Board, Malacca Securities Sdn Bhd wishes to announce that the SC had, vide its letter dated 20 April 2023, approved the Proposed Transfer under Section 214(1) of the Capital Markets and Services Act 2007 and under the Bumiputera equity requirement for public listed companies.