Redtone’s 2-month sideway trend may end on an upside after the firmer close yesterday. A purchase can be made above the 1-month high of RM0.245, with a close below RM0.235 as stop-loss. A conservative trade may wait until a close above RM0.265 before entering. The price targets are RM0.30 and RM0.33. A failure to break above RM0.265 may see a return in selling, with a close below RM0.235 as confirmation. Strong support is at RM0.20.
Source: OSK
No comments:
Post a Comment