Digista have small double bottom.

Digista was a profit counter for us last month but it has retrace back. Today it seems that our hope have return after this counter rebound on the same support two twice.. Will this be a good sign of Bullish Uptrend again?

Observation
1) Trendline - Uptrend (  bullish)
2) Formed same low - Undetermined and it could potentially be a double bottom..
3) MACD - 4R1G ( Bullish Reversal)
4) RSI -broke below 50% (bearish) - Let hope today it will break out  from 50% to conclude a bullish reversal
5) Sto - formed bearish crossover and heading towards 20% ( Bearish) Let hope today it will rebound from 20% to conclude a bullish reversal
6) ADX - HIgh momentum and bullish ( Bullish)
7) Candle Stick - White candle after inverted hammer - ( Bullish) .
8) Chart Pattern - Small double bottom at the support of 0.48

2 Points

      4 Points





Conclusion

Winner BULL!!

Rebound and going up

Entry Price 0.51

  Resistance at 0.54 , 0.57 and 0.6
Support at 0.48 ( Stop loss at 0.46)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Digista - will it rebound or retrace further?

After Digista broke out from the symmetrical triangle and have lose some steam and start to retrace again. Should we collect this again on the support and go for another bullish ride?

Observation
1) Trendline - Uptrend (  bullish)
2) Formed higher high- Bullish
3) MACD - bearish crossover (bearish ) and since this is retracing toward the support then enter when it rebounce from the support with 4R1G. ( Need to use RHB for intraday charting from Chartnexus)
4) RSI -broke below 70% (bearish) - Retracement
5) Sto -Broke below 80% and formed bearish crossover ( Bearish)
6) ADX - HIgh momentum and bullish ( Bullish)
7) Candle Stick - Doji Star - ( Bullish) . What is Doji Star?
8) Volume Distribution -  High selling pressure by retail investor ( Bearish) but do not worry as you can refer to the chart the volume is retracing too this will be a sign of bullish reversal anytime after the profit taking is completed.

4 Points

      4 Points







Conclusion

Stalemate

Entry Price  0.54 ( Break the resistance) or 0.5 rebound from support

Take Profit  at 0.57 and 0.6

Support at 0.5

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Digista

To answer to one of my good pal

Nope Digista it is not having a bullish flag because bullish flag last only not more than 1 week but this trend is more a symmetrical triangle

Observation
1) Trendline - Uptrend (  bullish)
2) Formed higher high- Bullish
3) MACD - bearish crossover (bearish )
4) RSI -broke below 50% and RSI divergence (bearish) -
5) Sto -Broke above 50% and bullish crossover ( Bullish)
6) ADX - HIgh momentum and bullish ( Bullish)
7) Candle Stick -  Star - not determined
Conclusion
Could be a potential profit counter


Entry Price 0.48
Resistance at 0.54 & 0.57
Support at 0.44