Saturday, November 19, 2011

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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