StockWatch (June 18-22): DGTL, TBGI, ELI

DGTL (Chart: Daily Resistance: 1.60/1.90 Support 1.50/1.52 )

DGTL is still in my watch list as it has not yet broken out of the triangle. Divergence is still intact and it has formed a strong support at 1.50/1.52. If triangle is broken, target price is 2.06. Looking at the bigger picture, the current triangle seems to be part of a cup and handle formation. Target price of the cup and handle formation is 3.22. This is still a very good buy considering the cup and handle formation.

TBGI ( Chart: Daily Resistance: 2.90 /3.35 Support: 2.42/2.22)

TBGI broke out of a symmetrical triangle. Target price is 4.15.

ELI (Chart: Daily Resistance: 0.88/0.92 Support: 0.83)

ELI broke out of the symmetrical triangle. Target price is 1.12. However price at 0.88 is a strong resistance as the price opened and closed at the same level on the day it broke out. This is probably due to those who are stuck at that level last March and April.