Digi: Early Red Tide?

Losing traction

It sure appears that tired holders may rule the roost this morning.

So small wonder that the counter opened 3 pips down. It is now trading at RM3.66 for another 4 sen dip.

It looks like today may be a buying opportunity as it lacks traction.

If it slumps further without any redress, then we should wait for the next support level if and when it breaks RM3.60.

As expected, Digi remained at RM3.66 at hte close after dipping briefly to RM3.62 for a while.

Let us see whether tomorrow can see an upward demand for this share.