DITO

Stock: DITO
Company: DITO CME Holdings Corp.
Support: 6.01 / 5.20
Resistance: 6.90 / 7.00


Even with yesterday’s pullback from the resistance of 6.90, DITO is still on a bullish trend.

However, indicators tend to lose buying power. DITO returned yesterday after being overbought last week. Since Monday, the MACD and DMI indicators have been in sell signs continuously.

At this point, it means that the share will continue to decline over the next trading days, as further selling transactions may tend to appear. We do not however foresee a major collapse because volatility starts to simmer down. If anything, price may likely to hold the support level of 6.

This could be the start of DITO’s new leg of consolidation at a relatively higher range.

Recommendation

Buy when support holds

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