Possible breakouts

UNITED OVERSEAS BANK ($16.24) - Breakout, new target

- Prices have broken out of the three-times-tested resistance at $15.62

- Break above $15.62 indicates a target of $17.06

- If prices fall back to below $15.60, then the breakout would have failed

DBS GROUP HOLDINGS ($12.60) - Poised for a breakout

- This counter hasn't quite broken out of resistance of $12.60

- A successful break indicates a target of $13.96

VENTURE CORP ($8.28) - Bull flag, new target

- New target from the bull flag is $9

- Support is at $8.20

AZTECH (25.5 cents) - Breaks out of resistance

- Prices jumped out of a consolidation pattern at 21 cents

- Break indicates a target of 30 cents

CAPITAMALL TRUST ($1.58) - Breakout, new target

- Prices have broken out of a multi-month base formation at $1.46

- Break indicates at target of $1.93

- A break below $1.46 would be negative

SINOMEM TECHNOLOGY (26 cents) - Breaks out, new target

- Prices broke out of the twice tested 24 cents resistance level

- Break above 14 cents indicates a target of 34 cents

(Source: TheEdge Singapore July 27, 2009)