Friday, July 27, 2007

Digi has just tested its uptrend line

Digi has broken its medium-term uptrend line (in blue) at the RM22.75 level on July 23. Today, it has tested the longer term uptrend line at RM20.00/50 level. If this uptrend line support can hold, this could be a good entry level to this stock.



Chart: Digi's daily chart as at July 26 (courtesy of Quickcharts)


This is a technical recommendation without any consideration of the company's financial performance nor its financial position.

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