Redtone

Speculators, take note of Redtone! After some time consolidating and heavy distribution of a red candle previously, which scare most traders out of their wits, Redtone is now showing sign of coming back. However, the volume is relatively low, indicating that the new trend could not be as strong as expected. Nevertheless, a strong bullish white candle accompanied by sudden increment of volume which break the silence of the night deserve attentions from greedy traders. The dilemma now is to trade a breakout point or, waiting for some retracement that open the opportunities for traders to ride the trend. As chart will be unable to predict accurately the future events, gamblers are advised to consider their risk tolerance before jumping into the bandwagon. Should there be any positive occurring feedback loop, the profit potential will be great. Initial target price is set at RM1.00.