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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