Oiltek International's Share Price May Break Above Wedge Pattern, Chart Shows -- Market Talk

Dow Jones

2025/07/04

0107 GMT - Oiltek International's share price may break above a wedge pattern, in which it has been consolidating since mid-May, Phillip Securities Research's Zane Aw says in commentary. The moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would underpin the bullish view, the analyst says. If the share price breaks above the wedge pattern on the technical chart, it could rise further and reach S$0.710, a swing high resistance level formed at the start of May, the analyst adds. Shares are unchanged at S$0.590. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 03, 2025 21:07 ET (01:07 GMT)

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The moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would underpin the bullish view, the analyst says. If the share price breaks above the wedge pattern on the technical chart, it could rise further and reach S$0.710, a swing high resistance level formed at the start of May, the analyst adds. Shares are unchanged at S$0.590. 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The moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would underpin the bullish view, the analyst says. If the share price breaks above the wedge pattern on the technical chart, it could rise further and reach S$0.710, a swing high resistance level formed at the start of May, the analyst adds. Shares are unchanged at S$0.590. 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The moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would underpin the bullish view, the analyst says. If the share price breaks above the wedge pattern on the technical chart, it could rise further and reach S$0.710, a swing high resistance level formed at the start of May, the analyst adds. Shares are unchanged at S$0.590. 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The moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would underpin the bullish view, the analyst says. If the share price breaks above the wedge pattern on the technical chart, it could rise further and reach S$0.710, a swing high resistance level formed at the start of May, the analyst adds. Shares are unchanged at S$0.590. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 03, 2025 21:07 ET (01:07 GMT)\n\n\n  Copyright (c) 2025 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":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}