Soon Hock Enterprise's Share Price Has Potential Upside -- Market Talk

Dow Jones
Feb 03

0054 GMT - Soon Hock Enterprise's share-price may break out of an ascending triangle consolidation pattern to the upside, based on technical analysis, Phillip Securities Research's Zane Aw says in commentary. The share price has formed a series of higher lows, with multiple retests of resistance at S$0.640, the analyst notes. Also, the moving average convergence divergence indicator shows declining bearish momentum recently. If the share price breaks above resistance at S$0.640, it is likely to extend gains to S$0.715, the analyst adds. The shares last closed at S$0.640. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 02, 2026 19:54 ET (00:54 GMT)

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