Highlights / Stock Picks of the Day - Dialog Group Bhd ("DIALOG")

Dialog Group Bhd has been trading on an upward sloping support line for the past few weeks with occasional resistance. On Tuesday, the stock opened at RM2.36 and closed at RM2.39, forming a bullish “Marubozu” candlestick between the support and resistance line, which indicates strong buying pressure with the likelihood to break above the resistance level. Crossing above the resistance level of RM2.42 should lead to an upside to RM2.50. The support levels can be found at RM2.35/30.

Source: Kenanga