Digista has been in a downtrend since Feb 2012 and recently we are seeing sign of reversal at 0.27
Indicators
1 ) Trendline - Downtrend ( Bearish)
2) Support/Resistance - Formed lower low ( Bearish)
3) MACD - 4R5G .(Bullish) and waiting for bullish crossover
4) RSI - IF break above 30% will indicate stronger bullish sentiment
5) STO -Bullish Crossover ( .Bullish) and if break above 50% will indicate stronger bullish sentiment
6) Ichimoku - a) Price below the support cloud ( Bearish)
b) Conversion line below the base line ( Bearish)
c) Price close below the baseline ( Bearish)
Conclusion:
Bearish but if RSI and STO show some life of bull signal there are some potential of this sleeping dragon..
E ( Entry) 0.32 ( Closed at or above it) -
S ( Stop Loss) :0.3
P ( Profit) : 0.35
RRR (Risk to Reward Ratio) = 1.5 (Slightly Rewarding)
E ( Entry) 0.32 ( Closed at or above it) -
S ( Stop Loss) :0.3
P ( Profit) : 0.37
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding)
Resistance- 0.315 / 0.34 / 0.36 /0.38
Support - 0.27 / 0.25