REDTONE trade ideas
STOCK TRADING : 15) redtone top20jewel series of malaysia stockTHIS IS TRADE 113) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
Redtone has been in DOWNTREND since 2015…the closest breakout was in feb 2019…then the “Big Fall” in mid-March this year, 2020…now the price fluctuates between RM0.30 -0.60…recently, a lower-high was formed at RM0.48, and a “lone island” formation which was likely a reversal signal…
current support : RM0.30-0.35…
strong support : RM0.16-0.20
resistance : RM0.48-0.60
Overall, Redtone is in a downward sideway…personally, I am NOT in favor of this one…hold your horse first, Redtone’s fans and stakeholders…this is my VERY BIAS opinion, OK…? no hard feeling…juz personal opinion, if you dun like it, it is totally fine…
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
REDTONE rebound (5 Dec 2019)Today high candle break high 29 Nov Candle. First target price is 0.550. 2nd target price is 0.575.
Disclaimer: this post just education purposed and a case study not buying and selling. All buy and sell transaction is in your hands/decision. Please go to your dealer representative/remisier for further advice.
Redtone Buy On Breakout1. Uptrend Stock.
2. 52W High Stock.
3. Above EMA50.
4. Buy On Breakout Confirmation above 0.595.
EP => 0.595
S= 0.545
CL = 0.35
TP = 0.690
Risk = 6%
Reward = 17%
REDTONE BULLISH(BEWARE OF RETRACEMENT)PRICE ALREADY BREAKOUT THE TL
HOWEVER,PRICE HAVE SPIKED AND WAITING FOR RETRACEMENT AND WAIT AT SUPPORT PRICE
NEVER CATCH BUS WHICH ON HIGH SPEED, ;)
