Digi.com could see further upside: technicals
Publish date: Thu, 26 Apr 2012, 04:27 PM
Shares of Malaysia's Digi.com, which were stuck in a narrow range over the past two months, forming a Bollinger band squeeze, seem to have made an upside breakout with the price surge this week, technicals suggest.
Its Moving Average Convergence Divergence has entered the positive zone and is above the signal line.
The Relative Strength Index is at a 14-day high, which is a bullish sign.
The stock is up 1 per cent over the past month, while the broader index is down 0.41 per cent as of yesterday's close. -- Reuters
Its Moving Average Convergence Divergence has entered the positive zone and is above the signal line.
The Relative Strength Index is at a 14-day high, which is a bullish sign.
The stock is up 1 per cent over the past month, while the broader index is down 0.41 per cent as of yesterday's close. -- Reuters
Labels: CDB
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Be the first to like this. Showing 6 of 6 comments
BERSIH rally tomorrow ma... so market drop. Mon may drop also if got fighting.
2012-04-27 10:44
Bro- you think our market bother about all these? US/Europe naik, we drop. Our market dance to the sharks.
2012-04-27 11:00
excuse to push down I think the bersih rally tomorrow will be peaceful and it hink the govt will be at their best behaviour to bodek the rakyat to vote for them.U will see mkt going up on monday;need more $$$ for GE expenses
2012-04-27 11:12
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jayrc23
that's because it is giving divident...we will have to see after the ex-date...
2012-04-27 09:44