Wednesday, May 15, 2013

Redtone- uptrend to continue

Redtone has just broken above its strong horizontal resistance at RM0.45-0.46. With this breakout, the stock may revisit its next resistance at RM0.65-0.70.

Based on technical breakout, Redtone could be a good trading BUY.

Chart: Redtone's weekly chart as at May 15, 2013_9.30am(Source: quickcharts)

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.

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