0143 GMT - DFI Retail Group's share price may head higher, based on technical chart, Phillip Securities Research's Zane Aw says in a research report. The share price, which has been trading within a downtrend channel since December, has rebounded recently, the analyst notes. Also, the share price has consolidated within a bull flag pattern and is holding above 5-day simple moving average with 5-day SMA above 10-day and 20-day SMAs, the analyst says. These offer potential bullish reversal signals, says the analyst who expects the share price to rise further to US$2.41 should it break out of the downtrend channel. Shares are 1.3% higher at US$2.30. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 21:43 ET (01:43 GMT)
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