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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.