Monday, September 23, 2013
Digista may commence its uptrend
Digistar Corporation Bhd ('Digista') is involved in the provision of design, supply, installation and integration of information technology infrastructure, tele-conferencing, local area networks, interactive media management systems, radio and television news automation, telecommunication systems, integrated audio and visual systems and other related electronic systems.
Since making a high of RM0.56 in February 2012. Digista has been trending lower. It broke above its downtrend line, RR at RM0.24 in May 2013. Since that breakout, it has been range-bound between RM0.26 & RM0.32. This morning, it broke above the RM0.32. With this breakout, Digista may commence its uptrend.
Based on the bullish breakout, Digista could be a trading BUY. Its next resistance is at RM0.40 and thereafter at RM0.45.
Chart 1: Digista's daily chart as at Sep 23, 2013_2.50pm (Source: Quickcharts)
Chart 2: Digista's monthly chart as at Sep 23, 2013_11.00am (Source: Quickcharts)
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Digista.