DIALOG at close 17.12.2010
DIALOG - The stock bridged its resistance level of 1.16 on the 6th Oct 2010 and it has since then move up steadily with small pull-backs as punters took profits and then bridging resistances on its way up again. Today it opened at 1.64 and after a few attempts it bridged the resistance of 1.65 with good supporting volumes. It climbed to a high of 1.72, dipped to a low of 1.63 and then closed at 1.69. The stock is currently overbought with its RMIndex at 99.87 and it could remain overbought as long as DIALOG's bullish sentiment as well as the overall market bullish sentiments remain intact. Its immediate resistance is at 1.72 with the current support level at 1.64 which is above the 13 days exponential moving average.
Some of you wanted to know whether you should take profit now or hold. The above is my personal technical view on the stock. It is not a call to sell or to take any action. This is only a general discussion and some of you may have informations I do not know. If you do, please share them and your comments are also welcome.
To have a clearer view of the stock just left click on the chart and the chart will enlarge itself. Further clicks will make the chart even larger.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
