Dialog Group has been consolidating sideways during the last few sessions, with an immediate resistance price of RM3.47. With the momentum indicator RSI above 50%, it may breaks above the resistance and moves towards the target price of RM3.61 followed by
RM3.80. The support price is then anticipated at
RM3.40, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above
RM3.47Target:
RM3.61,
RM3.80 (time frame: 3-6 weeks)
Exit:
RM3.40Source: AmInvest Research - 31 Dec 2019