Corporate activity in pennies

BENG KUANG MARINE (38 cents) - Uptrend continues

- Prices break above resistance at 35 cents

- Support is at 35 cents

- Breakout indicates a target of 50 cents

TRANSVIEW (22 cents) - Technical breakout

- Prices broke out of resistance at 15 cent level

- Initial resistance is at 31 cents

TIONG WOON HOLDINGS (95 cents) - Extremely overextended

- Prices are extremely extended

- Volume has eased with latest upmove, clearly a sign that fatigue could set in sooner rather than later

GUOCOLEISURE (77.5 cents) - Privatisation again?

- Quarterly momentum is high and short term indicators are at the top end of the range

PENGUIN (18 cents) - Breaks out of range

- Break indicates a target of 25 cents

- Support is at the breakout level of 14 cents

MEMSTAR TECHNOLOGY (12 cents) - Breaks out

- Prices managed to break out of resistance at 8 cents

- Medium and long term indicators recently turned up, suggesting that the uptrend has some way to go

(Source: TheEdge Singapore, September 28 2009)

Placement plays

SINOTEL TECHNOLOGIES (68.5 cents) - Uptrend intact

- Quaterly momentum remains intact

- If support at 65 cents holds, and prices move above 69 cents, a measuring objective of 84 cents is indicated

FALCON ENERGY GROUP (86.5 cents) - Attempting breakout

- Prices have run into resistance at 87 cents

- Support has been established at 81 cents

- A successful breakout indicates a target of around $1

SINOMEM TECHNOLOGY (63.5 cents) - Forming staircase

- Prices need to break out of 66 cents

- A successful break would indicate a target of around 80 cents

- Support has been established at 60 cents

C2O HOLDINGS (52.5 cents) - Technically promising

- Resistance is at 57 cents

- The trend remains up and an eventual breakout would indicate a target of 69 cents

COSMOSTEEL (58 cents) - Attracting punter interest

- Technically, quarterly momentum has turned up

- Target remains at 67 cents

TRI-M TECHNOLOGIES (77 cents) - Support at 200-day moving average

- Support is at the rising 200 day moving average at 70 cents

- Resistance has been established at 90 cents

(Source: TheEdge Singapore September 21, 2009)

Makeover for micro-caps

COSMOSTEEL (51.5 cents) - Attracting punter interest
- To maintain momentum, prices would need to clear the 52 cent mark
- Break indicates a target of 67 cents
- A break below 48 cents negates this view

FRENCKEN GROUP (26 cents) - Technically promising
- Next resistance appears at 34 cents
- Immediate support is at 25 cents

FRIVEN & CO (5.5 cents) - Approaching resistance
- Despite the improving technicals, this counter is rated as high risk

INTERRA RESOURCES (23.5 cents) - Top of consolidation range
- Prices may attempt a breakout of a four-times-tested resistance at 24 cents
- A break above 24 cents indicates at target of 32 cents
- Support is at 23 cents

SILVERLAKE AXIS (30 cents) - Overextended
- Support is at 27 cents
- An eventual break above 34 cents provides a sharp measured-move objective of 42 cents

YOMA (10 cents) - Challenging resistance
- A break above 10.5 cents indicates at target of 16 cents
- Support is at 9 cents

(Source: TheEdge Singapore September 14, 2009)

Shipyards show signs of strength

ASL MARINE ($1.05) - Breaks out

- Prices break above $1 resistance mark last month

- The move indicates a measuring objective of $1.26

YANGZIJIANG ($1.01) - Possible fatigue

- ADX is falling, suggesting that no clear trend is in force

- Prices need to break above $1.03 to reconfirm the uptrend

JES (21.1 cents) - At breakout point

- Prices are trying to clear a strong resistance level at 21 cents

- If prices clear 21 cent decisively, that would indicate a target of 32 cents

BAKER TECH (36 cents) - Clear uptrend develops

- Breakout above 30 cents indicates an initial target of 42 cents

- 44 cents is the twice tested resistance set in 2007

JAYA HOLDINGS (46 cents) - At support

- Breakout level is at 50 cents

BENG KUANG MARINE (24 cents) - Challenging resistance

- A break above 26 cents indicates a target of 34 cents