Support Line

Dialog Group rebounded from an 18-month low of RM1.19 on Dec 1 last year to a high of RM1.71 on Feb 10 before turning range-bound on consolidation. Based on the daily chart, a breach of the RM1.72 barrier, followed by a clear breakout of the RM1.80 mark would lead to a re-test of the all-time peak of RM1.96 while concrete support is resting at the RM1.48 level.

PJ Development slipped into correction mode since peaking at a 17-year high of RM2.25 on Aug 22 last year. The trend ahead is pretty simple. A successful penetration of the RM1.70 hurdle would clear the way for more advances. On the opposite, a crack of the RM1.35 floor would signal the continuation of a downward correction.