STOCK TRADING : 15) redtone top20jewel series of malaysia stock

THIS 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!

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