Friday, 25 Nov 2011. REDTONE – Stock Pick

REDTONE ( 0032 : 0.28 ) : Buy below 0.27
Description
Resistance : 0.31
Support : 0.25
RSI of 54
RSI is on the rise
STOCHASTIC
It is rebounding
TREND INDICATOR
Down
Comment
The strong upkick yesterday, is targeting 0.31. And it has recently bottomed out at the 61.8% retracement of
0.23
Trading Strategy
Buy below 0.27. Stop loss is at 0.25