Technical Analysis Nov 2011: DIALOG (7277)
DIALOG GROUP BERHAD
Observation from Chart:-
DIALOG facing strong resistance at MA100 level.
Already 2X attempt MA100 but unable break through.
What's next?
Other indicator:-
1. No reversal candlestick been formed.
2. MACD at positive region, uptrend sign.
3. Stochastic %K still at buy call sign.
Immediate resistance MA100 level.
Sussequent resistance RM2.55 level
Immmediate support MA20 level.
Subsequent support MA50 level.
It keep consolidate & trading side way.
There is sign of forming bolinger band squeeze.
Let watch closely for break out...
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