Saturday, December 10, 2011

Technical Analysis Dec 2011: DIGI (6947)


Observation from chart:-

After share split, DIGI keep going higher with MA20 as support level.

Seem like it was forming symmetrical triangle?

Will it break up or break down?

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

Immediate resistance would be upper triangle line.
Immediate support would be lower triangle line.

Let watch closely for the break out.


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