Digi ( with Average dividend 4-5%)..May “found” its “bottom” when fibo 0.618 ( time / on around late June/early July) met 0.382 ( price / ) at around Rm3.00.. potential of >60% growth..
Digi (6947) could potentially trend higher if prices can stay above the RM4.00 support level. It’s MACD is curling up, which suggest selling momentum is fading. A MACD golden cross will further suggest potential uptrend. Downside support is RM3.82, a level which well supported prices in 2022. Meanwhile, upside resistance is located at RM4.26, which was 16 February 2022'.
DIGI
Theme: Telecommunication
Rst: 4.64
Spp: 4.10
Tweezer top candlestick formation being rejected as it’s followed by green candle today, since latest candle formed above upper BB, it indicates bull still in strong grip, thus likely to see continue upside towards 4.64
Hi, DIGI had been hovering around the horizontal line A (4.230) which is an axis line (where support became resistance and vice versa).
The story :
Price made a down move no.1 which ended at the low B, then rallied again.
Then it made another attempt with down move 2 with the low at C, it was able to go slightly below the low of B, but then rallied again.
The...
My analysis are based on technical and fundamental. It is common that the market will be "shaky" at the end of the year. We are looking for a recovery in about 35 to 40 days starting from today, and finger cross it will bounce from the first blue zone. Looking at the fundamental analysis, all 3 Quarters for 2019 showing a positive revenue and an increase of EPS...
DiGi.com Bhd. is an investment holding company, which engages in the provision of mobile communications services and related products in Malaysia. Its products include devices, postpaid, prepaid, broadband, roaming, IDD, and accessories. The company was founded in May 24, 1995 and is headquartered in Subang Jaya, Malaysia.
MYX
