Redtone lost momentum as no big contract is awarded until now. Some more share price shot up 200% since the past 12 months. It's quite reasonable to have such profit taking activities.
Previously, redtone's RSI almost touched 30 points twice (in end of May and Mid August 2019) before moving upwards.
The share price were 27.5¢ and 34.5¢ respective at that said times.
From 27.5¢, the share price rose to 41¢ in early July and than dropped to 34.5¢ in mid August. From there, it rose to 61.5¢ in mid September before dropping to 49¢ (latest very oversold position) on last Friday 29/11/19.
Could this 49¢ be the lowest price before it moves higher up? Possibly reach the likes of 80¢ in one or two months time or fizzles out and drops to lower prices?
too bad i cant take photo,i hope the company can upload the presentation silde on their website,CEO Mr.Lau had done a great job,outlook of all three businesses very good especially MTNS.
Redtone future sure kaw kaw tender Time 3 project now call NFCP2 (500 telco site to install) installation work (one-off income)& maintanance works of tower (recurring imcome). actually i did not konw about all this.. haha what i know, TS, MTNS & IDS all this can recurring income, so Redtone sure $$$$$$ share holder also 888888888 Mr Calvin research chun chun one
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Westeros
835 posts
Posted by Westeros > 2019-11-29 17:13 | Report Abuse
Sold at 0.52 to cut loss...will buy back again if I see a reversal...for now dont dare to touch