In Retrospect: IPVG, SM, DGTL

IPVG

Support at 6.40 held only up to Wednesday’s trading and went down to 6.30. But on the last trading day, price went back up. As of current, the ascending triangle is still intact. We still have the coming week to see if the dip to 6.30 was just temporary or if resistance at 7.10 will be broken this week. Recommendation: Hold. If price proceeds to move up, watch the volume at 7.10. Breakout volume should be more than 10M shares traded.

SM

SM broke down from the support line and went as low as 347.50, below the 65 day MA. Recommendation: Buy only on breakout. Although the ascending triangle is still intact, there is still a possibility that price would just move in a range between 347 and 375.

DGTL

DGTL broke out without volume. Price action did not even reach 1.90 as the 65 day MA already blocked its move up. Recommendation: Sell. There is a higher possibility of price to still move downwards.