DFI Retail Group's Share Price May Extend Uptrend, Chart Shows -- Market Talk

Dow Jones

2024-11-08

0230 GMT - DFI Retail Group's share price could extend its uptrend, based on a chart, Phillip Securities Research's Zane Aw says in a commentary. The share price has held above a prior horizontal resistance level at $2.32 as support, which gives a bullish trend continuation signal, the technical analyst says. Also, the moving average convergence divergence indicator shows increasing upward momentum and holds above the zero line, backing a bullish trend continuation view. If the share price rises beyond the current resistance at $2.44, it should extend gains toward $2.62, a previous resistance level formed in September 2023, the analyst adds. Shares are unchanged at $2.40. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 07, 2024 21:31 ET (02:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The share price has held above a prior horizontal resistance level at $2.32 as support, which gives a bullish trend continuation signal, the technical analyst says. Also, the moving average convergence divergence indicator shows increasing upward momentum and holds above the zero line, backing a bullish trend continuation view. If the share price rises beyond the current resistance at $2.44, it should extend gains toward $2.62, a previous resistance level formed in September 2023, the analyst adds. Shares are unchanged at $2.40. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 21:31 ET (02:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}