Saturday, August 1, 2009

Small-cap property stocks set for breaks

BUKIT SEMBAWNG ESTATES ($3.86) - Breakout, target $5.40
- Last week, prices broke out of a massive reverse head-and-shoulders formation
- The break indicates a target of $5.40

BONVESTS (90.5 cents) - Poised for a breakout
- A break above 90 cents indicates a target of $1.10
- Support is at 85 cents, below which the target is no longer valid

GUOCOLAND ($2.11) - Set for break, target $2.50
- Break points to a target of $2.50
- Prices were as high as $6 back in the go-go days

HONG FOK (55.5 cents) - Now or never
- This counter has attracted attention from punters
- Break above 55 cents indicates a target of 70 cents.

HOTEL PROPERTIES ($1.85) - Poised for a breakout
- A break above $1.90 indicates a target of $2.40

LOW KENG HUAT (29 cents) - Breakout could be brewing
- A break above 30 cents would indicate a target of 36 cents

(Source: TheEdge Singapore, August 3 2009)

No comments:

Post a Comment