DIGI, one of the more stable blue chip in KLSE, has been performing quite stable recent. Upon looking at the past record since december 2011, this share is currently performing as RSI indicated. Whenever it is overbought, the price will just sustain for few more days before it is dropping. Overbought is detected at beginning of february due to chinese new year. And the subsequent NEAR overbought at the beginning of March and April. The same pattern is repeating now at beginning of May.
It seems Digi price is very well maintained and supported at 3.90 to 3.94++ level. Most of the oversold trigger does not make Digi bearish but trigger price raise in the following few days according to the past history. These patterns have repeated for the third time now. But it is expected to be a stable raise until the next 4G announcement soon.
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