RHB Retail Research
Technical Analysis - Dialog Group
Dialog formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may emerge above the MYR2.90 level, with an exit set below the MYR2.72 threshold. Towards the upside, the immediate resistance is at MYR3.19. This is followed by the MYR3.31 level.
Source: RHB Securities Research - 21 Dec 2018
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