0247 GMT - Contemporary Amperex Technology's share price may extend gains following Wednesday's rebound above support at HK$301.20, Phillip Securities Research's Zane Aw says in commentary. This price action on the technical chart gives a bullish bias for further gains, the analyst says. The share price also broke above short-term resistances at 5-day and 10-day simple moving averages on Wednesday, providing a bullish signal, the analyst adds. The brokerage expects the share price to rise further to HK$322.40, a horizontal resistance level formed on May 26. Shares are 0.3% higher at HK$309.20. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 11, 2025 22:47 ET (02:47 GMT)
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