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Rakuten Trade Research Reports

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Technical View - Redtone Digital Berhad

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Redtone Digital Berhad (REDTONE, 0032)

• Share price closed 4.12% higher at RM0.445 on Monday.

• REDTONE broke up from its resistance level of RM0.43 yesterday and closed with a white marubozu candlestick. As the 5G deliberation is going to settle soon and with indicators showing uptick momentum, the share price is poised to go higher.

• Resistance levels are identified at RM0.455 (R1) and RM0.48 (R2).

• On the flipside, support levels are pegged at RM0.41 (S1) and RM0.405 (S2).

Source: Rakuten Research - 13 Sept 2022

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Labels: REDTONE

Related Stocks

Chart Stock Name Last Change Volume 
REDTONE 0.90 -0.035 (3.74%) 1,716,900 

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