December 04, 2011

Digi:A Possible Pullback for Another Entry Opportunity

New entrants?

Well, it appears that the start of the week did not bode well for Digi as sellers came out in droves to profit take.

Except for a short reprieve in the opening minutes where it went green, most of the first two trading hours saw Digi in scarlet. It hit RM3.66 and it now see-sawing about the RM3.70 level. As expected, it close at RM3.70 for a 3 sen loss.

Giving up 3 sen to RM3.70

As much as there are sellers, there are constantly, buyers at the side waiting to gain entry.

AS I see it, any point on the price curve between RM3.48 to RM3.60 is entry.

The lower, the better.