Food Empire's Stock Appears to Be Retesting Top of Recent Range -- Market Talk

Dow Jones

07/10

0252 GMT - Food Empire Holdings' stock is retesting the top of its recent S$1.71-S$1.90 range, within a broader uptrend channel, Phillip Securities Research's Zane Aw says in commentary. This provides a bullish signal, the analyst says. Also, the moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would support the bullish view, Aw says. If the stock clearly breaks above this range, it could extend gains and reach S$2.09, the analyst adds. Shares are 0.5% higher at S$1.91. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 09, 2025 22:52 ET (02:52 GMT)

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This provides a bullish signal, the analyst says. Also, the moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would support the bullish view, Aw says. If the stock clearly breaks above this range, it could extend gains and reach S$2.09, the analyst adds. Shares are 0.5% higher at S$1.91. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2025 22:52 ET (02:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F03.SI","symbol_name":"富旺朝","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550732695","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550732695","pubTimestamp":1752115920,"columns":[],"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":"0252 GMT - Food Empire Holdings' stock is retesting the top of its recent S$1.71-S$1.90 range, within a broader uptrend channel, Phillip Securities Research's Zane Aw says in commentary. 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Also, the moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would support the bullish view, Aw says. If the stock clearly breaks above this range, it could extend gains and reach S$2.09, the analyst adds. Shares are 0.5% higher at S$1.91. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2025 22:52 ET (02:52 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}