Dialog Group Berhad (DIALOG, 7277)

• DIALOG is poised to test the resistance at RM1.94 as the ongoing consolidation is likely at its tail-end following a 5-month correction. The uptick in trading volume reflects growing buying interest, and we anticipate this positive development could drive the stock higher hence increasing the likelihood of a technical breakout.

• Thus, we expect the rising momentum to steer the stock higher and test the next resistance at RM1.94 (R1) followed by RM2.07 (R2) in the near term.

• On the downside, stop-loss is set at RM1.76.

Source: Rakuten Research - 16 Jan 2025

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