Bumi Armada
This counter staged a bullish breakout after breaching the MYR0.40 immediate resistance with strong volume. The stock
charted a “higher high” bullish candlestick, showing that the bulls are in control now. If the momentum sustains, it should
scale towards MYR0.44, followed by MYR0.46. On the flip side, a fall below the MYR0.38 support level indicates a bearish bias has emerged.
Dialog Group
Dialog is eyeing to extend the upside movement, knocking on the door of the MYR2.40 immediate resistance. It is observed the stock undergoing a consolidation recently, bouncing off the 21-day SMA line. If a breakout happens, the counter will resume the northbound journey. In this case, Dialog should climb towards MYR2.54, followed by MYR2.70. However, a fall below the MYR2.26 support will nullify the expectation.
