Dialog Group Bhd (DIALOG,7277) 

• DIALOG gained 3 sen or 0.97% to close at RM3.11 on Monday.

• Recent breakout near the RM3.12 resistance level accompanied with bullish white candle on Monday suggesting a bullish bias on the share price. Should the follow-through buying momentum continues, we expect share price to pave towards RM3.31 (R1) and further to RM3.43 (R2)

• Conversely, share price has formed a strong support level at RM2.72 (S1) while S2 can be found at RM2.54.

Source: Rakuten Research - 2 Jan 2019