REDTONE International Bhd (stock code: 0032) sustained a rebound on Friday and looked set to return to a positive trend.
The stock gapped up at the opening bell with the onset of rapidly growing momentum. The share price met the short-term 14- and 21-day simple moving averages (SMA) and was on the verge of returning above a two-month positive trend line that had been formed between August and October this year. A bullish crossing of the said resistances would signal further gains for the stock, whose outlook has turned convincingly bullish.
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