STOCKS 15-03-12

DIGI

Digi is trading in an uptrend and today closed at 3.90 which is a previous resistance turn support area coincide with the 50-days MA. After this pullback it might attract some bargain hunter. Wait for a bullish reversal candlestick pattern and the Stochastic bullish crossover before enter. 

Support can be found at 3.70 and resistance 4.15.

AMEDIA

Trading in a downtrend. Better don't catch the falling knife, might have a dead cat bounce before going lower or sideway.

ARMADA

Trading in an uptrend and too overbought. A shooting star candlestick pattern formed yesterday indicate some profit taking activities and likely to go sideway or pullback to the middle band.

CIMB

Trading in sideway between 6.70 to 7.40 over the last couple of months and finally found a direction today with the breakout with high volume. It is likely to retest the immediate resistance at 7.80 and next level at 8.00. Support can be found at 7.40.

MUDAJYA

MACD, RSI , Stochastic divergence and overbought indicate the upward momentum is weakening. Formed a spinning top follow by a hanging man candlestick pattern indicate a pullback is likely to happen in the near term. immediate support is at 3.00 and next level at 2.79.

AEONCR

Good fundamental company and is not for trading purpose. Flying up parabolic, price at all time high. If intent to enter better wait till it to retrace back to the middle band, for profit taking look for the reversal candlestick pattern.