Dialog has a bullish breakout

Dialog has just broken above a major horizontal resistance of RM0.66/67. This resistance has been in place since 2000. If this breakout can sustain, Dialog may go to RM0.76 or, even, revisit its all-time high of RM0.85.

Chart: Dialog's monthly chart as at Nov 16

Dialog has an EPS of 3.2 sen for the past 4 quarters. Based on its current price of RM0.675, its PE is at 21 times, hardly cheap even for an oil & gas company.

Based on bullish technical outlook (if the breakout can sustain), Dialog could be a good trading buy. As observed, it is not cheap based on fundamental valuation.