Dialog Group was testing the RM3.11 resistance level in its latest session. With a moderate RSI level, a bullish bias may be present above this point with a target price of RM3.30, followed by RM3.56. Meanwhile, it may turn sideways if it fails to cross the RM3.11 mark in the near term. In this case, support is anticipated at RM2.90 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound RM3.11

Target: RM3.30, RM3.56 (time frame: 3-6 weeks)

Exit: RM2.90

Source: AmInvest Research - 22 Jan 2019