Bull in China?

CHINA SKY CHEMICAL FIBRE (23.5 cents) – Overextended
- Prices are somewhat overextended
- Prices may ease
- Support is at 17 cents
- Resistance is at 25 cents

CHINA GAOXIAN FIBRE (33 cents) – Correction likely
- Looks overstretched
- Strongest upmove is perhaps over for the year
- Support is at 30 cents
- Resistance is at 34 cents

ERATAT LIFESTYLE (23 cents) – Breaks out of rectangle
- Shooting star has appeared which suggests a temporary retreat
- Support is at 22 cents
- Breakout indicates eventual target of 27 cents
- Technicals suggest uptrend can be sustained

LI HENG CHEMICAL FIBRE (22 cents) – Breakout level at hand
- Prices are at 24 cents resistance
- Suggests breakout of 24 cents resistance level indicates a target of 30 cents
- Support is at 21 cents

OCEANUS (29.5 cents) – Entrenched downtrend
- Prices are still in downtrend
- Resistance is at downtrend line at 32 cents
- Break below 29 cents would indicate a target of 22 cents

SINOTEL TECHNOLOGIES (35 cents) – Testing top of base
- Prices have just retreated from neckline at 37 cents
- Support is at 34 cents
- Successful breakout would indicate a target of 45 cents

(Source: TheEdgeSingapore December 20, 2010)

Rotational interest moves to construction plays

OKP HOLDINGS (57 cents) – Poised for breakout
- Prices are at resistance at 57 cents
- Likely to have short term retreat
- Successful breakout indicates target of 70 cents
- Immediate support is at 55 cents

UNITED ENGINEERS ($2.70) – Attempting breakout
- $2.70 has been established as a resistance
- Breakout from $2.70 indicates a target of $2.90
- Support is at $2.37

YONGNAM HOLDINGS (29 cents) – Approaching resistance
- Prices appear stuck in the near term
- Break above 29 cents indicates target of 36 cents
- Short term indicators have turned upwards

TTJ HOLDINGS (19.5 cents) – Should rebound
- Prices have remained lackluster
- Resistance is at 20.5 cents
- A break above resistance indicates a target of 26 cents

PAN-UNITED CORP (51 cents) – Rebound likely
- Prices are just above support at 50 cents
- Rebound should materialize with resistance at 55 cents
- A breakout is unlikely in the immediate term

HOCK LIAN SENG (29 cents) – Testing support
- Support is at current levels of 29 cents
- Price rebound should materialize shortly
- Resistance is at 32 cents
- A breakout above resistance indicates a target of 36 cents

(Source: TheEdgeSingapore December 13 2010)

Mixed bag for index components

KEPPEL CORP ($10.82) – Intact, gains relative strength
- Resistance has been established at $11
- Prices may ease slightly
- Support appears at $10.50
- Break above $11 would indicate a new upside target

FRASER & NEAVE ($6.38) – Hanging on for dear life
- Prices could be in top formation
- In the short term prices could rebound
- Rebound could face resistance at $6.38 and $6.50
- Neckline is at $6.09
- Break would indicate a target of $5.15

JARDINE MATHESON ($45.20) – Approaching neckline of top formation
- Prices appears to be building a top
- Currently testing neckline at $43.60
- Short term direction likely to be upwards
- Resistance is at $48
- Breakdown indicate a target of $33

NEPTUNE ORIENT LINES ($2.23) – Stays afloat
- Displaying greater relative strength
- Prices bounced off 50 day moving average at $2.10
- Resistance is at $2.28

SINGAPORE AIRLINES ($15.80) – Clear skies ahead
- Prices managed to hold near 100 day moving average
- Short term direction likely to be upwards
- Resistance appears at $16.11

SINGAPORE TELECOMMUNICATIONS ($3.13) – Rebound under way
- Prices have rebounded off support at $3.04 to $3.05 range
- There is not a clear uptrend or downtrend.
- Prices in wide trading range
- Resistance is at $3.30

(Source: TheEdgeSingapore December 6 2010)

Property stocks fall earthwards

CITY DEVELOPMENTS ($12.34) – Breaks double top
- Prices broke below double top at start of the week
- Breakdown indicates target of $11.60
- Resistance is at $13

CAPITALAND ($3.73) – Downtrend in force
- One of the weakest in the property sector
- Technicals point to a temporary rebound
- Resistance appears at $3.80 and $4
- There is some support at $3.70 but more meaningful support appears at $3.50

ALLGREEN PROPERTIES ($1.16) – Testing support
- Prices are testing support at $1.16
- Break below $1.16 cannot be ruled out. If it breaks, it would indicate a target of $1
- Resistance is at $1.20

KEPPEL LAND ($4.63) – Retreat under way
- Strongest counter in a weak sector
- Initial support is at $4.38
- Inability to test $5 would set the counter up for a top formation

WING TAI HOLDINGS ($1.75) – At support
- Prices are testing support at $1.72
- Breakdown would indicate a target of $1.56
- Resistance is at $1.85

SC GLOBAL ($1.60) – Poised for a breakdown
- Prices look set to sink
- Support is at $1.55
- A breakdown through support would indicate a target of $1.35
- Resistance is at $1.67

(Sources: TheEdgeSingapore November 29, 2010)

Price inflation no help to commodity plays

GOLDEN AGRI-RESOURCES (72 cents) – Retreat underway
- Prices are now suggesting an all-round easier phase ahead
- Prices should not fall below 69 to 70 cents for uptrend to remain intact
- Resistance is at 77 cents

WILMAR INTERNATIONAL ($6.25) – Poised for breakdown
- Prices are now sitting on a confluence of supports at $6.25 to $6.30 level
- Indicators do not point to any strong upmove either
- Break below $6.30 points to a decline to $5.50

OLAM INTERNATIONAL ($3.10) – Forming triple-top
- Prices may break down below the neckline of triple top
- Break down would indicate a target of $2.70

NOBLE GROUP ($2.08) – Retreat underway
- Original break above $2.50 indicated a target of $3.16
- In the short term, prices are likely to ease towards breakout level

INDOFOOD AGRI ($2.65) – Set to ease
- Prices are in sharp retreat
- Immediate support is at $2
- The still rising 50 day moving average is at $1.92. If this gives way, and it looks likely, prices could fall to $1.78

GOLDEN PALM RESOURCES (35 cents) – That sinking feeling
- Prices are sinking into the breakout level at 36 cents
- Price support appears at 35 cents
- Resistance is at 39 cents

(Source: TheEdgeSingapore November 22, 2010)

Jardine Group makes a splash

MANDARIN ORIENTAL (US$1.96) – Upside target to be met
- Earlier break above US$1.75 indicated a target of US$2.15
- Indicators are suggesting further upmove
- Prices may be a able to re-test high of US$2.81 by the time the uptrend has run its course

DIARY FARM (US$8.02) – Poised for breakout
- Prices appear poised for a break above US$8.10
- Successful break indicates target of US$9

HONGKONG LAND (US$7.19) – Upside target set
- Prices broke out into a new all-time high last week
- There is a target of US$8 following an earlier break above US$5.40

JARDINE CYCYLE & CARRIAGE ($39.10) – Attempting breakout
- It is testing the year’s high and all-time high at current levels
- Breakout indicates target of $44
- Support is at $38.76

JARDINE MATHESON HOLDINGS (US$47.52) – Attempting breakout
- Resistance is at US$47.70
- Break above this level indicates a target of US$56.70
- Risk reward ratios look increasingly unfavourable

JARDINE STRATEGIC HOLDINGS (US$27.26) – Regains 50 day moving average
- Prices managed to regain its 50 day moving last week
- Resistance is at US$27.70
- Break would catapult prices to new high of US$30

(Source: TheEdgeSingapore November 8 2010)

The meteor effect

SINGAPORE EXCHANGE ($8.88) - May move into a range
- Stock could experience a period of sideways ranging
- Support at $8.60 and resistance at $9
- Eventually a breakdown would provide the next downside objective

GENTING HONG KONG (45 US cents) - Testing support
- This counter's meteoric rise may well be over for the time being
- Prices appear to be building a top formation
- Breakdown would indicate a downside objective of 32 US cents

GMG GLOBAL (30 cents) - In a peaking process
- Support appears at 28 cents
- Break below would end the uptrend
- 50 day moving average is at 26 cents

SUNVIC CHEMICAL HOLDINGS (63.5 cents) - Waiting for its downturn
- Nearest support is at 48 cents and that isn't very strong
- Initial downside is at 43 cents

PAN-UNITED CORP (57 cents) - Retreat in force
- There is some support at current levels at 55 cents
- Resistance is at 60 cents

BIOSENSORS INTERNATIONAL ($1.10) - Breaks out
- This is the stock that still looks positive
- Prices broke out of $1.10 setting at target of $1.26
- Break below $1.10 would mean that all bets are off

(Source: TheEdgeSingapore November 1 2010)

Fatigued blue chips take a rest

DBS GROUP ($14.36) – Rangebound
- Support will likely appear at $14.12 to $14.15
- Resistance is at $14.90
- Prices are unlikely to break out or downward in the next 2 weeks
- Further out pressures may actually be downwards

GENTING SINGAPORE ($2.22) – Still intact
- Break above $2.18 gives a measuring objective of $2.51
- This remains valid unless price is unable to hold above $2.18

SINGAPORE AIRLINES ($15.76) – Getting ready to descend
- Prices are current at support
- $15.90 is looking like the neckline of a top formation
- Break downward would indicate a minimum target of $15.20

KEPPEL CORP ($9.71) – Fatigues sets in
- Uptrend remains intact and any correction should be temporary
- Support appears at $9.30
- It remains to be seen whether prices can clear $9.85

JARDINE MATHESON (US$44.40) – Building a top
- Technicals do not look very promising
- Break below US$44.45 would indicate an immediate target of $40
- Resistance is at US$48

SINGAPORE TELECOMMUNICATIONS ($3.07) – Losing connection
- Resistance is at $3.15 level
- Support is at $3.04 to $3.05
- Break below this level indicates an immediate downside to $2.85

(Source: TheEdgeSingapore October 25 2010)

Back to commodity plays

GMG GLOBAL (31.5 cents) – Tracking new highs
- Prices broke out of resistance at 30 cents, giving objective of 36 cents
- Quarterly momentum has only just turned up
- Volume is expanding

GLOBAL PALM RESOURCES (35 cents) – Breaks out of resistance
- Prices are approaching resistance at 36 cents
- Volume has risen as prices advanced
- A successful break indicates a target of 42 cents

GOLDEN AGRI-RESOURCES (66 cents) – Temporary retreat
- Prices broke out of resistance at 61 cents
- Break indicates a target of 75 to 76 cents level
- Quarterly momentum is rising

INDOFOOD AGRI RESOURCES ($2.59) – Breaks out of resistance
- Prices have broken out of resistance at $2.55
- Volume has been increasing on white candle days indicating a build up in demand
- Break indicates a target of $3.25

KENCANA AGRI (42.5 cents) – Overstretched
- Prices have risen 61% since June
- Breakout earlier last week reconfirms the uptrend
- Break above 42 cents indicate an objective of 50 cents

WILMAR INTERNATIONAL ($6.40) – Late bloomer
- Prices have rebounded off support
- Immediate resistance is at $6.50
- Break above $6.50 indicates a target of $7.20

(Source: TheEdgeSingapore October 18 2010)

Bull in China

CAPITAMALLS ASIA ($2.28) – Breaks out of resistance
- Breaks above the several times tested resistance at $2.23 to $2.25 range
- Measuring objective is at $2.59
- As long as prices hold above the breakout level, the target is well within reach

CAPITALAND ($4.21) – Breaks out of resistance
- Prices have broken out of three-times-tested resistance at $4.15
- Break indicates a target of $4.83
- Support is at $4.15

GUOCOLAND ($2.41) – Set to test one-year high
- Prices broke out of several times tested resistance at $2.22
- Break indicates a target of $2.56

BROTHERS (HOLDINGS) (17.5 cents) – Attempting breakout
- Prices appear to have moved out of a narrow range
- Resistance appears at 21 cents
- Indicators confirm a firmer phase ahead
- Support is at 16 cents

CWT (96.5 cents) – Poised to pounce
- Looks like it is about to rally from current levels
- Break above $1.02 would take prices out of resistance and indicate a target of $1.26
- Support is at 95 cents

ARA ASSET MANAGEMENT ($1.32) – Superior relative strength
- This is one of the strongest stocks in the market
- Earlier break above $1.15 indicates a measuring objective of $1.44
- Support is at $1.15

(Source: TheEdgeSingapore October 11 2010)

Losing bets

GENTING SINGAPORE ($1.86) – Support at $1.74

-        Both short term and medium term indicators are declining

-        Support appears at $1.74

-        Looks very much like the largest gains could be over for the time being

GENTING HONG KONG (42.5 US cents) – Support at 40 US cents

-        Short and medium term indicators are falling

-        Quarterly momentum looks more resilient

-        Support is at 40 US cents

-        A failure to halt decline at this level would mean a sharp decline to 29 US cents

MANDARIN ORIENTAL (US$1.71) – Trading below NAV

-        Prices appear poised for a breakout. Target is US$2.12

-        This could be the next privatization target

GALLANT VENTURES (25 cents) – Flagging prices

-        Prices and quarterly momentum are weak

-        Resistance has been established at 28 cent level

-        Support is at 22 cents

BANYAN TREE (88 cents) – Inert for now

-        Chart suggests limited investor and punter interest

-        Support is at 85 cents

-        Resistance is at 89 cents

-        Breakout is unlikely but a breakdown could occur out of sheer inertia

FRAGRANCE GROUP (65 cents) – Sudden interest

-        Technically prices look like they have broken out of a downtrend at 55 cents

-        Resistance is at 71 cents

(Source: TheEdgeSingapore October 4 2010)

Tech breaks on the upside

HI-P INTERNATIONAL (99 cents) – Market leader

-        Last Wednesday prices formed a  shooting star

-        Shooting star occurs after a gap.  If it is covered, then the gap will turn into an exhaustion gap

-        Prices have to stay above 94 cents for upmove to remain intact

-        Resistance is at $1.04

GLOBAL TESTING CORP (8.5 cents) – Poised for break

-        Break above the moving average occurred at 8 cents

-        A move above 8.5 cents would cause a break out of the downtrend line

-        Resistance is initially at 10.5 cents

FU YU CORP (14 cents) – Poised for breakout

-        Prices are currently forming an equilateral triangle

-        The breakout level is at 14 cents and a successful break indicates a target of 18 cents

-        Support is at current levels and prices should be moving higher

MEIBAN GROUP (33 cents) – Possible bull flag

-        Prices could be attempting to form a bull flag

-        A break above 34.5 cents would confirm the bull flag and indicate a target of 42 cents

MIYOSHI PRECISION (16.5 cents) – Breaking out of a downtrend

-        Prices broke out of a downtrend at 15 cents earlier this month on significant rise in volume

-        Resistance is at 18 cents initially and 20 cents subsequently

-        Upmove is likely to be gradual initially and gathering steam eventually

UMS HOLDINGS (48 cents) – Breaks out of resistance

-        Price broke out of resistance at 44 cents last week, indicating an objective of 63 cents

-        Break took place on very high volume

-        Prices may reach the target first before a proper correction take place

(Source: TheEdgeSingapore September 27 2010)

The worth of water

UNITED ENVIROTECH (49 cents) – Market leader

-        Prices reached 55 cents last year

-        Break above 45 cents indicates a target of 55 cents

-        Technically the share price has surged to an overextended level

BIO-TREAT TECHNOLOGY (8 cents) – Poised for a breakout

-        Support has been established at 7 cents

-        Prices are trading within a tight range

-        A breakout on significant volume would change the boring character of this chart and indicates an initial target of 11 cents.

SOUND GLOBAL (74.5 cents) – Base formation

-        Resistance appears at 76 cents

-        A breakout is unlikely in the near term

-        A successful break above 76 cents indicates a target of 84 cents

-        Support is at 72 cents

MEMSTAR TECHNOLOGY (8.5 cents) – Double bottom

-        A successful break indicates a target of 11 cents

-        Quarterly momentum is rising

SINOMEM TECHNOLOGY (51 cents) – Flat-top broadening formation

-        The neckline/breakout level is at 52 cents

-        A successful break indicates a target of 60 cents

-        Price should not fall below 50 cents if the outlook is bullish

ASIA ENVIRONMENT HOLDINGS (17.5 cents) – Breaking out of a base

-        Prices have yet to decisively clear resistance at 17 cents

-        A breakout indicates a target of 21 cents

-        Prices have a good chance of attaining its target

(Source: TheEdgeSingapore 20 September 2010)

Playing by proxy

NOBLE GROUP ($1.68) – Breaks out of downtrend

-        Prices have broken out of a downtrend

-        Current moves are probably part of a broader base formation with neckline at $1.71

-        Eventual break above this level indicates a target of $1.90

ABTERRA ($1.31) – The new role

-        Prices have broken out of their 50 day moving average and 100 day moving average

-        Resistance appears at $1.52

-        Next resistance  is at $1.65

WILMAR INTERNATIONAL ($6.35) – Fading glory

-        Last Wednesday, the 50 day moving average crossed above the 100 day moving average

-        Breakout level is at $6.48

-        Successful break indicates a target of $7

-        Nomura Securities has a target of $8.24

KENCANA AGRI (38.5 cents) – Attractive target

-        Prices will likely continue on their uptrend

-        Breakout level is at 39 cents

-        Successful breakout would indicate a measuring objective of 45 cents initially and 50 cents eventually

CHINA AVIATION OIL ($1.47) – Turning up

-        Prices are hovering just above support level at $1.42

-        Resistance is at $1.47

-        A successful break indicates a target of $1.70

OLAM INTERNATIONAL ($2.72) – No clear leads

-        There is no clear trend

-        Resistance appears at $2.80

-        Support has been established at $2.50

(Source: TheEdgeSingapore September 13 2010)

Property stocks a mixed bag

ALLGREEN PROPERTIES ($1.06) – Start of a trend?

-        Prices should be able to find support around $1 to $1.04 range

-        Resistance is at $1.16

-        There is potential of a fairly good downtrend

GUOCOLAND ($2.14) – At support

-        Support appears at $2.10

-        Break above $2.19 would indicate an all round stronger phase ahead and lead to a significant upside target

WHEELOCK PROPERTIES ($1.81) – Gains strength against sector

-        Prices have been rangebound for much of the year

-        Resistance is at $1.92

-        Support has been established at $1.75

CITY DEVELOPMENTS ($11.18) – Testing support

-        Prices have fallen sharply but the 200 day moving average halted the decline

-        $10.97 level may hold in the near term but any rebound will likely find resistance at $11.70

-        Break below $10.97 would indicate a significant downside target

UOL GROUP ($4.02) – Tight range

-        Prices are unlikely to move strongly upwards

-        Near term moves will probably be in a tight range

-        Resistance is at $4.02. 

WING TAI HOLDINGS ($1.62) – Breaks below moving averages

-        The decline following the break below $1.68 has yet to run its course

-        There is some support at $1.55.  More substantial support appears at $1.30

-        Any rebound finds resistance at $1.68

(Source: TheEdgeSingapore September 6 2010)

Singing the blues

CAPITALAND ($4.01) – Support holds

-        Support appears at $3.90

-        Resistance is at $4.10

-        A breakout is unlikely in the near term and prices will stay range-bound

DBS GROUP HOLDINGS ($13.66) – Breaking down

-        Support appears at $13.44

-        Prices may continue to decline towards support

-        Further out, the stock is likely to trade in a range

KEPPEL CORP ($8.74) – At support

-        Hanging on to support

-        Support near current levels at $8.68

-        Upside is likely to be capped

-        Resistance is at $9

SINGAPORE AIRLINES ($15.44) – Moving towards support

-        Support is at $15.10

-        Resistance appears at $16

-        Prices should be able to hold above $15.10

-        Strong upmove is unlikely in the next few weeks.  Set to remain in a trading range

SINGAPORE TELECOMMUNICATIONS ($3.01) – Surprise gain

-        The key is to break above $3.04. 

-        If that occurs, there is an upside target of $3.50

WILMAR INTERNATIONAL ($6.18) – At support

-        Prices are at the confluence of support and rising 50 day moving average at $6.10

-        Break below $6.10 would cause a drop to $5.50

-        Prices may likely ease in the short term but overall is likely to trade within a range

-        Resistance is at $6.60

(Source: TheEdgeSingapore August 30, 2010)

Resort's world

Genting Singapore ($1.53) – Shooting star

-        Inability to rise above the top of the shadow displays a hint of technical weakness

-        Level to watch out is $1.50

-        Break below $1.50 indicates a downside target of $1.26

-        Resistance is at $1.69

Genting Hong Kong (28 US cents) – Poised for a breakout

-        Resistance is at twice tested 29 US cents level

-        Support is at 25 US cents

-        A successful break indicates a target of 36 cents

Banyan Tree (13 cents) – At support

-        This counter looks quite promising

-        Support is at 83 cents

-        Breakout level is at 86 cents

-        A successful break indicates a target of $1.05 with initial resistance at 95 cents

Ascott Residence Trust ($1.25) – At breakout point

-        One of the strongest looking charts at this stage of the market

-        A successful break above $1.25 indicates a target of $1.50

CDL Hospitality Trusts ($2.05) – Moving gradually higher

-        Prices have been trending upwards for the past 18 months

-        Support is at $1.90

-        Earlier break above $1.90 indicated a measuring objective of $2.30

-        Prices may find in difficult in maintaining their upward momentum

Hotel Properties ($2.98) – Still rising

-        Main uptrend is in force

-        A successful break above $3 indicates a new upside of $3.30

(Source: TheEdgeSingapore August 23 2010)

Tech is best

ARMSTRONG INDUSTRIAL CORP (41.5 cents) – Forming a top

-        Best gains for this counter are possibly behind it for the time being

-        Prices may be forming a top

-        Break below the neckline at 42 cents completes a top and indicates a target of 35 cents

FU YU CORP (13 cents) – Temporary retreat

-        Pullback should find support at 12 cents

-        Break above 13 cents would complete a bull flag and indicate a target of 17 cents

STATS CHIPPAC ($1.29) – Outperformer

-        Prices broke out of resistance at $1.17 two weeks ago

-        Break indicate an eventual target of $1.75

-        Support is at break out level

CREATIVE TECHNOLOGY ($4.01) – Drifting lower

-        Downward pressure has been exerted by the declining moving averages

-        Prices may continue to drift

SERIAL SYSTEM (13 cents) – Upmove intact

-        Break above 11.5 cents indicated a target of 18 cents

-        Technical indicators suggests that uptrend has yet to run its course

UMS HOLDIGNS (41 cents) – Building a top

-        Prices may be starting to build a top

-        Prices are likely to establish the neckline at 40 cents

-        Resistance is at 44 cents

-        Prices may fall below 40 cents with downside at around 30 cents

(Source: TheEdgeSingapore August 16 2010)

Blue chips promise breakouts

FRASER & NEAVE ($5.68) – Resuming upmove
- Indicators remain strong
- Prices have found support at $5.50
- Current move could turn out to be part of a top formation if price is unable to break above $5.90

KEPPEL CORP ($9.23) – Temporary retreat
- A temporary pullback is under way
- Prices had earlier cleared thrice tested resistance at $8.80
- That indicated a target of $9.90
- Support at $9.00

NEPTUNE ORIENT LINES ($2.13) – At resistance
- Prices are taking the form of an ascending triangle
- Prices are at twice tested resistance at $2.11
- Successful break indicates a target of $2.46
- Support is at $2.02

SINGAPORE AIRLINES ($16.08) – Clear skies
- Prices tested at high of $15.90 in March before retreating
- A breakout is not a done deal
- Support is at $15
- Successful break indicates an upside of $17.50

SINGAPORE TELECOMMUNICATIONS ($3.12) – Always promising
- Prices are testing resistance at $3.13 to $3.15 for the third time
- Momentum is strengthening
- It could be that once again prices may disappoint

UNITED OVERSEAS BANK ($19.70) – Retreats from resistance
- The two other banks  tested resistances and instead of breaking out got bogged down
- Prices have tested $19.80 to $20 level on previous occasions
- Support is at $19.20
- Successful break would indicate a target of $22

(Source: TheEdgeSingapore August 9 2010)

Tech plays in the limelight

BROADWAY ($1.20) – Attempting breakout

-        Quarterly momentum is turning up

-        Likely price break above $1.25 resistance

-        Successful break indicates a target of $1.40

-        Support at $1.16

DMX TECH (35 cents) – Base formation

-        Prices have been entrenched in range of 34 to 36 cents

-        Quarterly momentum and ADX are flat

FRENCKEN (32 cents) – Rebounds off support

-        Prices should be able to reach and breach 37 cents

-        Successful break indicates a target of 51 cents

-        Fail point is at 30.5 cents

LONGCHEER (72 cents) – No cheer yet

-        In terms of relative strength, this is one of the weaker tech stocks

-        Resistance is at 75 cents

-        Prices have an even chance to break out

-        Successful break indicates a target of 80 cents

-        Support is at 70 cents

UMS HOLDING (42 cents) – Somewhat overstretched

-        Prices appear stretched

-        If it can break above 41 cents, the target indicated is 48 cents

-        Support is at 40 cents

ROKKO HOLDINGS (16 cents) – Shooting star

-        Shooting star formation may temporarily curb advances

-        Prices need to break 17 cents to confirm upmove

-        Support is at 15 cents

-        Break above 17 cents indicates a target of 23 cents

(Source: TheEdgeSingapore August 2 2010)

The greening of China

RENEWABLE ENERGY ASIA GROUP LTD (34.5 cents) – Short term overstretched

-        Any retreat should find support at 31 cents

-        50 day and 100 day moving average appear poised to move apart

-        Should fuel a breakout of 34 cents

CHINA ENVIRONMENT LTD (25 cents) – Challenging 100 day moving average

-        Appear ready to challenge the 100 day moving average at 25 cents

-        May trigger a break above 25 cents

-        Fail point is at 23 cents

SUNPOWER GROUP LTD (21.5 cents) – Testing downtrend

-        Break point is at 22 cents

-        Successful break indicates an upside of 30 cents

-        Support is at 20 cents

UPP HOLDINGS LTD (18 cents) – Stuck in a sideways range

-        Technicals suggest that prices could weaken

-        Break above 19.5 cents with target of 25 cents

EZION HOLDINGS LTD (70.5 cents) – Poised for breakout

-        Prices are struggling to move above 100 day moving average at 69 cents

-        Successful break would indicate a target of 84 cents

-        Support is at 66 cents

THINK ENVIRONMENTAL CO LTD (41.5 cents) – Not much action

-        Prices could be pressured by the confluence of 50 day and 100 day moving averages at 41 cents

-        A move above this is needed to trigger a breakout

-        Support appears at 39 cents

(Source: TheEdgeSingapore July 26 2010)

China property plays in base formations

CAPITALAND ($3.70) – Poised at top of base

-        Prices are in double bottom base formation

-        Resistance is at $3.79

-        An upturn by ADX would provide impetus for price break

-        If break out occurs, target is $4.10

CAPITARETAIL CHINA TRUST ($1.25) – Attempting to challenge resistance

-        Prices are near resistance at $1.28 level

-        A upturn in ADX could provide trigger for an break out which sets a target of $1.46

-        Resistance is at $1.28 level

-        Support is at $1.20

YING LI INTERNATIONAL REAL ESTATE (42.5 cents) – Approaching resistance

-        Prices are in the process of forming a small double-bottom

-        Top of the double bottom formation is at 45 cents

-        Break above 45 cents would indicate a target of 52 cents

PAN HONG PROPERTY GROUP (49 cents) – Testing moving average

-        Resistance is at 50 cents

-        Break above 50 cents indicate a target of 60 cents

SUNSHINE PROPERTY HOLDINGS (7.5 cents) – At break point

-        Both short term and medium term indicators are turning up

-        Break above 8 cents indicates a measuring objective of 10.5 to 11 cents

YANLORD LAND GROUP ($1.89) – Breaks out of downtrend

-        Prices have broken out of a one year downtrend line

-        Resistance is at $2

-        Break above $2 indicates a target of $2.50

-        Support is at $1.77

(Source: TheEdgeSingapore July 19 2010)

Resource stocks a mixed bag

WILMAR INTERNATIONAL ($6.08) – Poised to regain breakout

- Prices are attempting to challenge resistance at $6

- A strong uptrend may not develop

- Support is at $5.50

- Resistance is at $6 and $6.40

GOLDEN AGRI-RESOURCES (54 cents) – Saved from the brink

- This stock could go either way

- If support at 51 cents hold, prices could break out of 54 cents

- Such move indicates a target of 67 cents

ASIA FOOD AND PROPERTIES (57 cents) – Resilient

- Prices appear poised for a breakout on the upside

- Prices could break above 57 cents and this indicates an objective of 70 cents

INDOFOOD AGRI RESOURES ($2.07) – Weaker than the sector

- Weakest stock in the sector

- Price could start trending downwards

- Initial support is at $1.67

FIRST RESOURCE ($1.08) – Attempting breakout

- Quarterly momentum appear lackluster

- Break above sideway range at $1.12 is needed for further upside potential

KENCANA AGRI (30 cents) – Range-bound

- Indicators look weak

- Crucial support at 29 cents

- Resistance is at 30 cents

- Break below 29 cents indicate a target of 24 cents

(Source: TheEdgeSingapore July 12 2010)

Transportation stocks see red

SIA ENGINEERING ($3.92) - Greater relative strength

- Still intact uptrend

- Could have a temporary correction with prices falling to $3.78 to $3.80 range

- As a first line of defence, the 50 day moving average is at $3.77

- Resistance at $4

SINGAPORE AIRLINES ($14.46) - On the brink

- Prices could be on the brink of a breakdown

- If prices rebound, resistance is at $15

- Break below $14.20 indicates a target of $12

NEPTUNE ORIENT LINES($1.91) - Downturn

- On the downside, prices may not fall further than the $1.85 to $1.88 range

- Support is at $1.85

- Resistance is at $2

COMFORTDELGRO($1.45) - Downtrend developing

- In the short term prices will likely ease to support at $1.38 to $1.40 level

- Break below support level indicates a target of $1.26

- Resistance is at $1.49

SMRT($2.23) - At resistance

- Breakout above $2.29 remains difficult

- Prices could ease towards $2.08

SAMUDERA SHIPPING (23 cents) - Attempting to break above resistance

- Support has been established at 20 cents

- Quaterly momentum is attempting to break above resistance and its equilibrium line

(Source: TheEdgeSingapore July 5 2010)

Blue-chips mixed

GREAT EASTERN HOLDINGS ($16.56) - Greater relative strength

- If any correction materializes, it is likely to be temporary

- Support appears at $15.80

- There is a target of $18 from an earler breakout

DBS GROUP HOLDINGS ($13.44) - Temporary bounce

- Prices broke below support/neckline at $13.90 to $14

- Break indicates a target of $12.60

OCBC ($8.31) - On the brink

- Prices have fallen below the 200 day moving average at $8.39

- Levels to watch out for are a breakdown below $8.20

. That would indicate a target of $7.10

- Resistance is at $8.39

UNITED OVERSEAS BANK ($18.94) - Intact

- Prices are still holding above its 200 day moving average

- Resistance is at $19.40

SINGAPORE EXCHANGE ($7.39) - Bottom of downtrend channel

- Resistance appears at $7.50, a breakdown level

- Original breakdown indicated a target of $6.20 and this could be met in due course

CAPITALAND ($3.54) - At support

- Although supports can break, the worst decline could be over

- Rebound is unlikely to be strong and the counter is likely to be range-bound

- Resistance appears at $3.70

- Break below $3.50 would indicate a new downside target

(Source: TheEdgeSingapore June 14 2010)

Shipyards attempt re-float

BAKER TECH (41 cents) – Rebounds off support

- Resistance is at 43 cents

- Prices may find it difficult to sustain the pace of the rebound

- Support is at 39 cents

SEMBCORP MRINE ($3.75) – At support

- Upturn in the indicators should be able to support further price gains

- Resistance is at $4

COSCO CORP ($1.40) – Near support

- Immediate resistance is at $1.50, which could eventually be breached

- Next level of resistance is at $1.65

YANGZIJIANG ($1.27) – Should rebound

- Prices should rebound soon. They have found support within $1.24 to $1.27 range

- Break above $1.27 would provide impetus for price to move to $1.40

SEMBCORP INDUSTRIES ($4.03) – In rebound mode

- Prices have found support at $3.80

- Resistance is at $4.12

- A successful break sets an upside of $4.40

OTTO MARINE (40 cents) – Also at support

- Prices have approached a support area

- Short term indicators are at oversold lows and upturn is likely soon

- Resistance is at 45 cents

(Source: TheEdgeSingapore June 7 2010)

Bruised blues break supports

DBS GROUP HOLDINGS ($13.52) – Breaks below support

- Prices broke below the neckline of double top formation

- Eventual downside of $11.80

- Rebound likely to be temporary

OCBC ($8.10) – Breaks below 200 day

- Prices have broken below the 200 day moving average

- However prices have not broken through its double top formation

- Breakdown of double top formation indicates a target of $7

KEPPEL CORP ($8.43) – Hanging on

- Prices is holding above the 200 day moving average

- It has broken the head and should formation at $8.85. Indicates a target of $6

UOB ($18.12) – Breaks below 200 day

- Support is at neckline of double top formation at $17.80

- Any rebound is unlikely to be sustained

- Break below $17.80 indicates target of $15.20

CITY DEVELOPMENTS ($10.34) – At neckline of top formation

- Any rebound at this stage is likely to be temporary

- Break below $10 completes the top formation indicating a target of $8.50

SINGAPORE TELECOMS ($2.82) – Searching for a floor

- Pressure are clearly downwards

- Any rebound is likely to be temporary

- Breakdown level is $2.92 and a break below this level points to target of $2.50

(Source: TheEdgeSingapore May 31, 2010)