Dialog Group climbed and is poised to touch the RM2.40 resistance level. With its RSI indicator moving upward from the oversold region, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.50, followed by RM2.60. The downside support is marked at RM2.30. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.40

Target: RM2.50, RM2.60 (time frame: 2-4 weeks)

Exit: RM2.30
 

Source: AmInvest Research - 27 Sept 2021