0204 GMT - Yanlord Land Group's stock could extend price gains, based on the technical chart, says Phillip Securities Research's Zane Aw in a commentary. The stock price broke above key resistance at S$0.515 on an ascending triangle pattern on Tuesday, providing a bullish signal, the analyst says. Also, the moving average convergence divergence indicator shows increasing momentum while holding above the zero line, supporting this bullish view, the analyst says. The stock price will probably rise further and reach S$0.560, a prior horizontal support breakdown level posted at end-February 2025, the analyst adds. Shares are up 1.0% at S$0.525. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 22:04 ET (02:04 GMT)
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