Sunday, May 22, 2016

Technical Analysis May 2016: 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 pending trigger BUY call.

Immediate support @ RM4.30 level.
Subsequent support @ RM4.00 level.

Immediate resistance @ RM4.80 level.
Subsequent resistance @ RM5.00 level
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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.

Sunday, May 1, 2016

Technical Analysis May 2016: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC break the bolinger band squeeze support level already 34%.

Will it technical rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K oversold, pending trigger BUY call.

Immediate resistance would be RM3.50 level
Subsequent resistance would be RM3.84 level.

Immediate support @ RM3.42 level.
Subsequent support @ RM3.00 level.

Let's watch closely for reversal candlestick for technical rebound opportunity.
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