Dialog Group Bhd
broke free of a sideways trading pattern on Monday, giving the bulls room to roam as it reaches for a higher target at the RM2 level.
The stock is looking promising as it’s technical indicators reach into strong levels of bullish momentum.
The slow-stochastic is nearing overbought conditions at 77 points. The 14-day relative strength index (RSI) is also positive as it rises to 69 points while the daily moving average convergence/divergence (MACD) histogram spiked higher to signal a bullish trend.
There is further resistance at the RM2.33 level while support is pegged to RM RM1.70 and RM1.38.
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