Dialog Group consolidated and tested the RM2.92 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.02 and RM3.05. The downside support is projected at RM2.83. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.92

Target: RM3.02, RM3.05 (time frame: 2-4 weeks)

Exit: RM2.83
 

Source: AmInvest Research - 2 Jun 2021