Time Cycle Analysis: RedtoneTime Cycle Analysis: April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture this day will associate with negative Qi. The immediate resistance 1.05 is quite stubborn so may take longer time to takeout.
REDTONE trade ideas
REDTONE DIGITAL BHD MYS - Good Sign, Ready to enter MA Low ZoneTrading style: BBMA
The stock rose and formed a white bullish candle last Friday, breaking out above
its 3-week long triangle pattern. The breakout was supported by a higher trading
volume which indicates a renewed buying interest after the stock’s consolidation
from the 52-week high. More upside is likely to follow after the said breakout,
underpinned by the rising EMAs.
I think that aggressive traders may want to go long now with a stop-loss set
at RM0.970. For today, price may go down to MA Low in Daily and 4H timeframe, that is a good sign to buy now.
Follow-through buying may lift prices to test the historical
resistances at RM1.10 and RM1.15. My target price using fibonacci is at RM1.28
REDTONE : another opportunity for those who missed beforeThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
REDTONE, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
REDTONE: Next move for the "BERJAYA" tycoon?- Retracement on volume profile with 3 price rejection spotted.
- Not much volume on previous peak point. Fairly distribution action.
- Nice position for next trend reversal.
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Bullish BiasA bullish bias emerged above the symmetrical triangle above the support level at RM0.42. As such, the price may head north to test resistance at RM0.50 followed by RM0.565. Support is seen at RM0.42 and RM0.365.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Trading Idea REDTONE (26/7/2021) Trading Idea REDTONE (26/7/2021)
- Breakout above EMA50 and EMA20/10 crossing setup.
- Potential upside with positive momentum towards next resistance.
- Support and resistance as drawn
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
#REDTONE DTF - Fibonacci Strategy trading plan with Golden wave The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
