Thursday, December 13, 2012

Technical Analysis Dec 2012: DIGI (6947)

DIGI.COM BERHAD

Observation from chart:-

DIGI rebound from RM4.50 level & consolidate @ RM4.80 level.

Today, Dec 13, 2012 retest MA50 resistance level & formed doji candlestick.

Will it break through? Or retrace down?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K reach overbought stage.

High probably it might retrace down for consolidate.
Immediate support @ MA100 / MA20 level.
Subsequent support @ RM4.50 level.

Once it break through MA50 resistance, it might retest RM5.38 level.

Let's watch closely.

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