Dyna-Mac's Stock Looks Like a Buy, Charts Show -- Market Talk

Dow Jones03-07

0616 GMT - Dyna-Mac's stock looks like a buy, based on charts, Phillip Securities Research's technical analyst Zane Aw says in a commentary. The stock has held above the resistance on a downtrend line since its upside breakout, the analyst says. And its moving average convergence divergence and relative strength index indicators are showing increasing momentum, both of which give bullish signals, Aw says. The stock could continue its upward momentum to retest S$0.345, which represents the double-top neckline resistance formed in January, and might extend gains toward S$0.375, he adds. Shares are 3.2% higher at S$0.320. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 07, 2024 01:16 ET (06:16 GMT)

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The stock has held above the resistance on a downtrend line...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6088","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417868447","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417868447","pubTimestamp":1709792160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0616 GMT - Dyna-Mac's stock looks like a buy, based on charts, Phillip Securities Research's technical analyst Zane Aw says in a commentary. 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