0211 GMT - Pacific Radiance's share price may extend its uptrend, based on technical charts, Phillip Securities Research's Zane Aw says in a commentary. The share price broke out of the consolidation range between S$0.045 and S$0.050 last Wednesday and maintained the resistance-turned-support level at S$0.050 last Friday, the analyst notes. This suggests a bullish signal for the share price to extend uptrend and retest resistance on the main uptrend channel, which is at S$0.060. The moving average convergence divergence indicator has also gained increasing momentum since the recent breakout, further supporting the bullish outlook, the analyst adds. The shares are unchanged at S$0.051. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 21:11 ET (02:11 GMT)
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