KUALA LUMPUR (July 31): RHB Retail Research said Dialog Group Bhd (KL:DIALOG) is eyeing to stage a bullish breakout, testing the immediate resistance on high volume.

In a trading stocks note on Wednesday, the research house said that on Tuesday, the counter charted a bullish candlestick and closed above the 21-day simple moving average line, showing bullish momentum is gaining traction.

“If it breaks past the RM2.55 resistance, the counter will travel towards RM2.70, and followed by the RM2.90 mark.

“Conversely, falling below the RM2.33 support will kickstart the bearish phase,” it said.