Dialog Group leapt and tested the resistance level of RM3.37 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM3.49 followed by RM3.61. If it fails to cross above RM3.37, expect a sideway consolidation again. In this case, support level is anticipated at RM3.25, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM3.37

Target: RM3.49, RM3.61 (time frame: 3-6 weeks)

Exit: RM3.25

Source: AmInvest Research - 3 Jul 2019