Thursday, January 17, 2013

Technical Analysis Jan 2013: DIGI (6947)

DIGI.COM BERHAD

Observation from chart:-

DIGI forming ascending triangle pattern?

Will it break through RM5.37 resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K at oversold stage, pending trigger buy call.

High probably it might retrace down to MA50 support level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM5.37 level.

DIGI will announce their Q4 result soon.
If above expectation + declare handsome dividend, it might break through RM5.37
Else, it might consolidate side way or retrace down retest support.

Let's watch closely.

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