- Quarterly momentum has turned up
- If prices can hold above $6.40, that would provide them with a measured move to $7.30
UNITED OVERSEAS LAND ($3.90) – New 2009 high likely
- Prices broke out of resistance of $3.70
- Breakout indicates a target of $4.40
- A break below $3.70 negates the positive outlook
K-REIT ASIA ($1.04) – Poised for upmove
- Resistance at $1.10
- A successful breakout indicates at target of $1.22
UNITED INDUSTRIAL CORP ($2.07) –Christmas at UIC
- Price broke out of a seven month sideway range of $2
- Break indicates a target of $2.40
- Prices have broken out of a large ascending triangle at $2.90
- Break indicates a target of $3.80
- Support at $3
CAPITACOMMERCIAL TURST ($1.16) – Breaks out of ascending triangle
- Prices appear poised to break out of resistance level between $1.13 to $1.15
- Break indicates a target of $1.28 and $1.34 respectively
(Source: TheEdgeSingapore December 7 2009)
No comments:
Post a Comment