Dialog likely to see brief consolidation

Dialog Group Bhd staged a rebound yesterday. Its daily price trend rebounded to close at RM2.52, giving a day-on-day gain of 4 sen, or 1.61 per cent.

Chartwise, Dialog's 60-minute price trend rebounded from its low of RM2.30 on April 12 2011 all the way up to its intra-day high of RM2.58 on April 28 2011, giving an increase of 28 sen, or 12.17 per cent.
Its daily price trend staged a technical breakout of its immediate overhead resistance (B1:B2) yesterday and continued to close above it.

Its 60-minute fast MACD (Moving Average Convergence Divergence indicator) continued to stayabove its 60-minute slow MACD yesterday.

Both of its 60-minute fast and slow MACDs continued to stay above their respective neutral reference lines.

Dialog's 60-minute price trend is likely to unfold a short and brief consolidation

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