Yesterday, Dialog experienced a major breakdown when it violated the 200-day MAV line. The significance of this moving average line to the stock is clearly highlighted in the daily chart below. A sell signal was triggered yesterday and the breakdown is expected to drag its share price down to the RM2.10 level, or even the RM1.96 and RM1.82 levels, unless the stock stages an immediate rebound back above the MAV line and render yesterday’s price action a fake breakdown.
'via Blog this'
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