Saturday, August 22, 2015

Technical Analysis Aug 2015: DIGI (6947)

DIGI.COM BHD 

Observation from Chart:-

DIGI forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM5.00 level.
Subsequent support @ RM4.85 level.

Immediate resistance @ RM5.10
Subsequent resistance @ RM5.18,  which is around MA20 level.

Due to no clear base been formed, potential formed another lower low record.
It's opportunity if able formed double bottom & breakout MA20 resistance level.

Let's watch closely.

0 comments:

Post a Comment