Genting Singapore's Stock Likely Has Upside Potential -- Market Talk

Dow Jones04-02

0014 GMT - Genting Singapore's stock looks like a buy on technical charts, says Zane Aw, an analyst at Phillip Securities Research, in a commentary. The stock recently broke out of a descending wedge pattern to the upside, following a false break lower earlier at the S$0.880 level, giving a bullish signal, the analyst says. The stock's moving average convergence divergence and relative strength index indicators both support this bullish view, the analyst says. The stock is likely to rise toward S$0.960, a horizontal support level from December 2023 to January 2024 that was broken through previously, the analyst adds. Shares closed 2.3% higher at S$0.905 on Monday. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 01, 2024 20:14 ET (00:14 GMT)

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The stock is likely to rise toward S$0.960, a horizontal support level from December 2023 to January 2024 that was broken through previously, the analyst adds. Shares closed 2.3% higher at S$0.905 on Monday. 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The stock recently broke out of a descending wedge ...</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":"BK6066","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424702285","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424702285","pubTimestamp":1712016840,"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":"0014 GMT - Genting Singapore's stock looks like a buy on technical charts, says Zane Aw, an analyst at Phillip Securities Research, in a commentary. 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