TAS Offshore is eyeing to resume the upside movement after staging a rebound from the key support.
RHB Retail Research in a note today (Jan 18) said they observed the stock bounce off the MYR0.475 support on strong volume.
If it breaks past the MYR0.51 resistance, the bullish setup will be confirmed. In this case, the stock should climb towards MYR0.555, followed by MYR0.61.
In the event it breaches below the MYR0.475 support, this will kick off the correction phase.
REDtone Digital is poised to scale higher after staging a bullish breakout on key resistance. Yesterday, the stock rose above the MYR0.83 resistance on high volume and printed a fresh bullish candlestick.
Expect a follow-through momentum to lift the stock towards the next resistance pegged at MYR0.88, followed by MYR0.93.
On the flip side, falling below the MYR0.78 support will negate the bullish setup.
