Sunday, November 6, 2011

Technical Analysis Nov 2011: DIGISTA (0029)


Observation from chart:-

DIGISTA is consolidate between RM0.395 & RM0.425 level, forming bolinger band squeeze.

Will it break through or break down?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K been trigger BUY call, pending confirmation.

Immediate resistant would be RM0.425 level.
Do watch out "strong" resistant at RM0.44 level, which is MA100 level.
Immediate support would be RM0.395 level.

KSL will annouce their quarterly result soon.
If the result above expectation, it might hugging bolinger upper band go higher.
However, if below exepctation, market will react the other way round.

Let watch closely.


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