Thursday, March 1, 2012

Technical Analysis Mar 2012: DIALOG (7277)


Observation from Chart:-

DIALOG forming bolinger band squeeze & facing strong resistance at RM2.51 level.

Already 5X 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 MA20 level.
Immmediate support MA50 / RM2.41 level.

At this point, if able break through MA20, then it might be retest RM2.51 resistance level.
Else, it do have posiblity of break down MA50 support level.

Let watch closely for break out...


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