Redtone may climb higher after closing above the one-year resistance level of RM0.35 for two consecutive days. A position can be initiated above RM0.35, with a close below week low of RM0.34 as a stop-loss. The price target is the prior high of RM0.45 with resistance also expected at RM0.40. Failure to hold above RM0.35 could see it sideways with strong support at RM0.30.
Source: OSK
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