Sunday, July 29, 2012

Technical Analysis July 2012: DIALOG (7277)


DIALOG GROUP BERHAD

Observation from Chart:-

DIALOG is forming bolinger band squeeze within RM2.33 & RM2.46 level.

When will it break through the band?

Other indicator:-
1. MACD moving toward positive region, uptrend sign.
2. Stochastic %K still on SELL call itinerary.

Immediate resistance MA20 level.
Strong resistance RM2.46 level.
Immmediate support RM2.33 level.

If the bull strong enough, potential break through RM2.46 resistance level.

Let's watch closely.

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