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
.
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.

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