Friday, December 16, 2011

Dialog has a bullish breakout

Dialog broke above its triangle, ABC at RM2.45 this morning. It also broke above the downtrend line, RR at RM2.55. With these double breakout, Dialog is likely to continue with its prior uptrend. Immediate resistance is at the horizontal line RM2.60 & then at RM2.75.

Based on technical breakout, Dialog could be a good trading BUY.


Chart: Dialog's daily chart as at Dec 15, 2011 (Source: Tradesignum)
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3 comments:

  1. luckystock2Friday, December 16, 2011 12:16:00 PM

    Hi Alex ,
    Can u comment on breakout of Kseng also ?
    Tx!

    ReplyDelete
  2. cheerFriday, December 16, 2011 4:23:00 PM

    Hi Alex,

    How do you rate coastal for long term investment compare to Dialog ?

    ReplyDelete
  3. IvanTuesday, December 20, 2011 9:22:00 AM

    Hi Alex,

    Do you use any system to alarm you which stock are bullish and bearish? Or else, how are you going to scan individually each of share in KLSE?

    ReplyDelete