DIALOG is eyeing to stage a bullish breakout, testing the immediate resistance on high volume. Yesterday, the counter charted a bullish candlestick and closed above the 21-day SMA line, showing bullish momentum is gaining traction. If it breaks past the MYR2.55 resistance, the counter will travel towards MYR2.70, and followed by the MYR2.90 mark. Conversely, falling below the MYR2.33 support will kickstart the bearish phase.
Source: RHB Securities Research - 31 Jul 2024
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