0147 GMT - CapitaLand Investment's stock may extend its gains, based on technical chart, Phillip Securities Research's Zane Aw says in commentary. The stock recently broke above the consolidation range of S$2.50-S$2.63 which it had been trading within since the start of May 2025, offering a bullish signal, the analyst says. The moving average convergence divergence indicator also shows increasing momentum while holding above the zero line, supporting the bullish view, Aw says. The stock price could rise further and reach S$2.84, a swing high resistance level formed at the beginning of November 2024, Aw adds. Shares are 0.4% higher at S$2.66. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 30, 2025 21:47 ET (01:47 GMT)
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