Wednesday, January 9, 2013

Technical Analysis Jan 2013: DIALOG (7277)


Observation from Chart:-

DIALOG consolidate within RM2.39 & RM2.45 range.

When will it break through bolinger band squeeze?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM2.45 level.
Immmediate support @ RM2.39 level.

Next month, DIALOG will announce their Q4 result.
If the result is above expectation, high probably will break through & go higher.
If below expectation, it might continue side way or break down the support level.

Let's watch closely.

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