RHB Retail Research

Trading Stocks (mid-day) - Dialog Group

rhboskres
Publish date: Thu, 14 May 2020, 06:36 PM
rhboskres
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RHB Retail Research

At the time of writing, Dialog Group was testing the MYR3.40 resistance. If a decisive breakout occurs, a bullish bias may be present above this point with a target price of MYR3.52, followed by MYR3.70. The stock may consolidate further if it cannot decisively breach above the MYR3.40 threshold in the coming sessions. Support may be found at MYR3.20, where traders can exit upon a breach to limit the downside risk. At the time of writing, Petronas Chemicals Group is holding below the MYR5.60 resistance. If the price breaks out, a bullish bias may be present above this point with a target price of MYR6.08, followed by MYR6.57. The stock may take a breather if it cannot breach above the MYR5.60 mark in the near term. Support may be found at MYR5.05, where traders can exit upon a breach to minimise the downside risk

Source: RHB Securities Research - 14 May 2020

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