Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, January 20, 2010

RHB ups Dailog target price to RM1.80

Dialog Group Bhd, an oil and gas services provider, rose 1.4 per cent to RM1.47, heading for the highest close since June 2, 2008.

The share price forecast for the stock was raised to RM1.80 from RM1.58 at RHB Research Institute Sdn Bhd on the prospects of “stronger” earnings growth. - Bloomberg

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