Sunday, March 3, 2013

Technical Analysis Mar 2013: DIGI (6947)

DIGI.COM BERHAD

Observation from chart:-

DIGI forming ascending triangle pattern.

Will it rebound @ RM4.54 strong support?

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

High probably it might keep consolidate @ RM4.54 support.

Immediate resistance @ upper descending triangle line.
Subsequent resistance @ MA20 level.

If high selling pressure, might be break down further.

Let's watch closely.

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