Buoyancy in selected offshore plays

ASL MARINE (99 cents) - Remains corrective

- Price could ease towards 94 cents

- Resistance breakout stays at $1

BAKER TECHNOLOGY (32 cents) - Possible rebound

- Price broke out of resistance at 31 cents

- Indicates a target of 44 cents

MERMAID MARITIME (87 cents) - Target $1

- Price broke out of resistance at 84 cents

- The next resistance is at $1

- Support is at 84 cents

FALCON ENERGY GROUP (77.5 cents) - Temporary correction

- Support at 72 cents

- Main uptrend remains intact

- Correction will likely continue this week with resumption of uptrend only in September

MARCO POLO MARINE (39 cents) - Continued consolidation likely

- Support is at 37 cents

- Resistance is at 44 cents

JAYA HOLDINGS (45.5 cents) - Prices attempt rebound

- Prices could hold at 41 cents

- Resistance/breakout is at 56 cents

(Source: TheEdge Singapore August 24, 2009)