Dialog Group has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 60%, there is a possibilibity it will break the immediate resistance of RM3.28, with a target price of RM3.43 followed by RM3.59. On the downside, support price is anticipated at RM3.12 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on consolidation above RM3.28
Target: RM3.43, RM3.59 (time frame: 4-8 weeks)
Exit: RM3.12
Source: AmInvest Research - 11 Apr 2019
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Created by AmInvest | Nov 25, 2024