Wednesday, January 16, 2013

Redtone broke above the resistance of 42.5 sen

Redtone has broken above its triangle at 42.5 sen (see Chart 1).  With this breakout, Redtone could continue with its steady upleg. Next resistance at 50 sen. Based on this bullish breakout, redtone could be a good trading BUY. For more on Redtone, go to my earlier post.

Chart 1: Redtone's daily chart as at Jan 15, 2013 (Source: Tradesignum)

Chart 2: Redtone's monthly chart as at Jan 15, 2013 (Source: Tradesignum)

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Redtone.

1 comment:

luckystock2 said...

Hi Alex ,
Can you comment on Johotin technical outlook ? It seems to fail to break the previous high.