REDTONE trade ideas
REDTONE swing tradeMultiple edge trading area as per screenshot
Buy on price breakout into new high together with volume increase
Time Cycle Analysis: RedtoneTime Cycle Analysis: April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture this day will associate with negative Qi. The immediate resistance 1.05 is quite stubborn so may take longer time to takeout.
REDTONE DIGITAL BHD MYS - Good Sign, Ready to enter MA Low ZoneTrading style: BBMA
The stock rose and formed a white bullish candle last Friday, breaking out above
its 3-week long triangle pattern. The breakout was supported by a higher trading
volume which indicates a renewed buying interest after the stock’s consolidation
from the 52-week high. More upside is likely to follow after the said breakout,
underpinned by the rising EMAs.
I think that aggressive traders may want to go long now with a stop-loss set
at RM0.970. For today, price may go down to MA Low in Daily and 4H timeframe, that is a good sign to buy now.
Follow-through buying may lift prices to test the historical
resistances at RM1.10 and RM1.15. My target price using fibonacci is at RM1.28
REDTONE MARK UPBased on current price action, Mark Up Phase is on going
My nearest projection wound be around RM 1.24-1.40 (3rd Wyckoff Law)
Position initiated as attached
Pure Wyckoff
REDTONE : another opportunity for those who missed beforeThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Time Cycle Analysis: RedtoneRedtone, above 1.05 is bullish, below 1.05 is bearish. Key dates to watch are 22 Feb 2024 and 19 Mar 2024.
REDTONE, Strength after DipThe price is steadily navigating the uptrend, consistently staying above the MA50. The successful buy signals indicate a resilient market, particularly following the breakthrough of the VWAP, thus reinforcing the strength of the signal after any temporary market dips.
REDTONE, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
REDTONE DOUBLE BOTTOM + UPCOMING DIVIDENDDouble bottom pattern
Support at 0.630
Resistance at 0.700 and 0.740
Dividend RM 0.0250
Ex-date 27/09/2023
Entitlement 29/09/2023
Payment 16/10/2023
REDTONE: Next move for the "BERJAYA" tycoon?- Retracement on volume profile with 3 price rejection spotted.
- Not much volume on previous peak point. Fairly distribution action.
- Nice position for next trend reversal.
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Bullish BiasA bullish bias emerged above the symmetrical triangle above the support level at RM0.42. As such, the price may head north to test resistance at RM0.50 followed by RM0.565. Support is seen at RM0.42 and RM0.365.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
VCP SETUP REDTONESector : Telco.Fundamentally sound company.Shows increasing quarterly sales QOQ and profit for last 4 quarter consecutively and increasing YOY.Just breakout form pivot point with high volume in VCP setup.
REDTONE - Cup & HandleFor Study. Potential uptrend. Cup & Handle , Cut Lost 0.41 : Risk 8%, Potential 52%
Trading Idea REDTONE (26/7/2021) Trading Idea REDTONE (26/7/2021)
- Breakout above EMA50 and EMA20/10 crossing setup.
- Potential upside with positive momentum towards next resistance.
- Support and resistance as drawn
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
#REDTONE DTF - Fibonacci Strategy trading plan with Golden wave The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
REDTONE - ideas updateNote
_There is some bullishness in last call price. Seek best entry/ exit
_Suggestion are on the chart
Long on Redtone - 5g related After a long elliot correction of triple three, i am long to Wave 3 as marked.
How about you?
