Tuesday, December 13, 2011

Technical Analysis Dec 2011: DIALOG (7277)


DIALOG GROUP BERHAD

Observation from Chart:-

DIALOG forming bolinger band squeeze & facing strong resistance at RM2.47 level.

Already 4X attempt but unable break through.

How about this round?

Other indicator:-
1. No reversal candlestick been formed.
2. MACD at positive region, uptrend sign.
3. Stochastic %K trigger BUY call.

Immediate resistance RM2.47 level.
Sussequent resistance RM2.63 level

Immmediate support MA20 level.
Subsequent support MA50 level.

From the volume, high probably it might break through RM2.47 level.
Let watch closely for break out...

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