FEDERAL INTERNATIONAL (20.5 cents) - Deceptively buoyant
- Prices are unlikely to rush upwards immediately
- Resistance likely to appear at current levels
- Pullback to 19 cents cannot be ruled out
ROTARY ENGINEERING ($1.05) - Stuck in a range
- Short term indicators have turned up after positive divergences
- Resistance at $1.10
KS ENERGY SERVICES ($1.20) - Challenging resistance
- Support is at $1.14
- Break above $1.18 indicates a target of $1.35
SEROJA (72 cents) - Testing top of the range
- Support for any retreat appears at 68 cents
- Resistance at 75 cents
- A breakout indicates a target of 95 cents
TIONG WOON (66 cents) - Impending dead cross
- Resistance is at 70 cents
- Support has been established at 53 cents
PEC (69 cents) - Breaks out of ascending triangle
- Resistance is at 70 cents
- Downside shoule be limited with 67 cents as support level
(Source: TheEdgeSingapore December 14 2009)
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