Flight to quality

UNITED OVERSEAS BANK ($19.48) - Flag-like pattern

- Chart pattern resembles a bull flag

- Objective of a breakout is at $22

- Support is at $19 and flag fails if prices fall below $18.90

OCBC BANK ($8.48) - Forming bull flag

- An upside break above $8.50 indicate a target of $9

SEMBCORP MARINE ($3.50) - Uptrend intact

- Current pullback should find support at $3.40

- Break below $3.40 would be very negative

DBS GROUP ($14.68) - Challenging resistance

- Prices broke out of four month consolidation range

- Breakout indicates target of $15.50

SEMBCORP INDUSTRIES ($3.68) - Poised for breakout

- Break above $3.50 indicates a target of $3.90

- A break below $3.49 negates this bullish outlook

CAPITALAND ($4.09) - Upside target remains valid

- Break above $4 indicates a target of $4.70

- Support has been established at $4

- Break below this level negates this bullish outlook

(Source: TheEdge Singapore, Nov 23 2009)