Wednesday, October 31, 2012

Technical Analysis Oct 2012: DIALOG (7277)

DIALOG GROUP BERHAD

Observation from Chart:-

DIALOG consolidate within RM2.35 & RM2.42 range.

When will it break through bolinger band squeeze?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.42 level.
Immmediate support @ RM2.35 level.

High possibility it may break the resistance & go higher.

If break the resistance, subsequent resistance @ RM2.46 level.
If break the support, subsequent support would be RM2.30 level.

Let's watch closely.

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