Dialog Group’s buying momentum may have returned after it recently rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the rebound from 3 Oct’s “Hammer” pattern. A positive bias may emerge above the MYR3.49 level, with an exit set below the MYR3.31 threshold. Towards the upside, the immediate resistance is at the MYR3.62 mark. This is followed by the MYR3.80 level.
Source: RHB Securities Research - 22 Oct 2019
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Created by rhboskres | Aug 26, 2024