KUALA LUMPUR (July 7): AllianceDBS Research said Dialog Group Bhd (Dialog) had on July 6 traded higher to RM3.82 before closing at RM3.80 (up 7 sen or 1.87%).

In its evening edition July 6, the research house said Dialog continued to trade above 20-day (blue) and 50-day (red) moving average lines.

It said following the up close on July 6, the stock is likely to move higher with immediate hurdle at RM3.85.

“A crossover of RM3.85 should see further price rise to the next overhead resistance at RM4.00.

“The support is pegged at RM3.67. A fall below RM3.67 would put pressure on the stock down to the subsequent support zone, RM3.60 – RM3.64,” it said.

AllianceDBS Research said stock volume traded on July 6 was 10.3 million shares compared to the 3-month average volume of 8.56 million shares.