DIALOG’s bearish technical picture appears to be at an inflection point after the share price saw strong buying volume yesterday. In  fact, DIALOG has formed a bullish “Dragonfly Doji” candlestick suggesting that a potential reversal could be under way. Similarly, key indicators such as Stochastic and CCI index are starting to hook up from oversold positions. To reinforce our bullish view, the share price needs to close above RM2.70 in a decisive manner to complete the bullish “Dragonfly Doji” pattern as a confirmation of a buying signal.

 

Source: Kenanga