Overview:
REDtone International Berhad is a Malaysia-based investment holding company,engaged in investment holding and provision of management services to its subsidiaries. The Company operates in Malaysia, Singapore and People’s Republic of China. The Company’s subsidiaries include REDtone Telecommunications Sdn. Bhd., which is engaged in the research, development, manufacturing and marketing of computer-telephony integration products, and provision of communication services; REDtone Technology Sdn. Bhd., which is a provider of total solutions in business communication and telecommunication, and REDtone Network Sdn. Bhd., which is engaged in the research and development and marketing of communication applications. In February 2012, the Company disposed of its interest in REDtone Software Sdn Bhd. In February 2012, the Company disposed of its interest in REDtone Software Sdn Bhd.
Trading Plan:
1) Trendline - 50MA breakout at RM 0.420
2) Volume: High
3) MACD: Third Green (Positive>Bullish)
4) Smoothed RSI : At 61.9%. RSI will go >70% if KLCI still in bull market to test 1720.
5)Support/Resistance: Supported at RM0.395. Resistance at RM0.445 .Today close RM 0.420
6) Beta: 1.87
7) Candlestick: Bullish
8) Pattern: Bullish after breakout at RM 0.420
1) Trendline - 50MA breakout at RM 0.420
2) Volume: High
3) MACD: Third Green (Positive>Bullish)
4) Smoothed RSI : At 61.9%. RSI will go >70% if KLCI still in bull market to test 1720.
5)Support/Resistance: Supported at RM0.395. Resistance at RM0.445 .Today close RM 0.420
6) Beta: 1.87
7) Candlestick: Bullish
8) Pattern: Bullish after breakout at RM 0.420
Trading Plan 1:
Entry: RM 0.400 or higher
Profit: RM 0.445
Cut loss: RM 0.380
RRR (Risk to Reward Ratio)> 1 : 2
Scenarios Analysis:
1) Breakout above 0.400.
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