Naked Chart Trading: DIALOG 5 Jun 2024
$DIALOG(7277.MY$ fundamental showed asteady growth and its share prices hit its highest since Feb 2023. However, the share prices are considering low compare to its level before year 2020. Will it has a chance to return above RM3 level?
$DIALOG(7277.MY$ Weekly Chart
Long term trend showed a sideway trading after a major correction without any strong bullish momentum. Shorter time frame yes we can see there are some higher highs & lows. Refer to Fibo analysis from May 2020 high to Oct 2022 low, the prices are currently tesing 38.2% RM2.50. The next resistance levels are 50% RM2.70, 61.8% RM3 and RM3.20
Support levels are RM2.30, RM2.10 and RM1.70. I would say there is huge potential for DIALOG to rebound but pending for more bullish signals. As for now, RM2.70 level (previous end of bull wave) will be the key resistance.
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This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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