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WIll Digista make a big UTURN back to profit?

Written By Edwin Toh on Sunday, 16 December 2012 | 10:09:00 pm

Digista has been in a downtrend since Feb 2012 and recently we are seeing sign of reversal at 0.27



Indicators
1 ) Trendline - Downtrend  ( Bearish)
2)  Support/Resistance - Formed lower  low ( Bearish
3) MACD - 4R5G .(Bullish) and waiting for bullish crossover
4) RSI - IF break above 30% will indicate stronger bullish sentiment
5) STO -Bullish  Crossover ( .Bullish) and if break above 50% will indicate stronger bullish sentiment
6) Ichimoku -  a) Price below   the support cloud Bearish)
                       b) Conversion line  below the base line  Bearish)
                       c) Price close below the baseline  Bearish)






Conclusion:
Bearish but if RSI and STO show some life of bull signal there are some potential of this sleeping dragon..

E ( Entry) 0.32 ( Closed at or above it)  -
S ( Stop Loss) :0.3
P ( Profit) : 0.35
RRR (Risk to Reward Ratio) = 1.5 (Slightly Rewarding)

E ( Entry) 0.32 ( Closed at or above it)  -
S ( Stop Loss) :0.3
P ( Profit) : 0.37
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding)


Resistance  0.315 / 0.34 / 0.36 /0.38
Support -    0.27 / 0.25









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