Damage done

KEPPEL CORP ($8.37) – Testing neckline of top formation

- Stock has been stuck within sideways band

- Breakdown level is at $8.10

- Resistance is at $8.60

UNITED OVERSEAS BANK ($18.16) – Possible chart breakdown

- Support is at $18.30

- A break indicates a target of $17

- Resistance is at $19.46

CITY DEVELOPMENTS ($10.72) – Poised for breakdown

- Prices are sitting on 100 day moving average

- If this is broken, the next downside target is at $9.65

- Resistance is at $11.10

DBS ($14.28) – Breaking below top

- Support is at $14.03

- If price is not able to move above $14.50 to $14.60 range, counter may well confirm the top formation.

- Break below $14 would mean start of a downtrend

CAPITALAND ($3.81) – Turning down

- Technical condition is weak

- Prices broke $4 level.

- Next support is at $3.50

OCBC BANK ($8.19) – Also poised for breakdown

- Break below $8.20 completes the top formation and indicates a target of $7

- Resistance is at $8.67

(Source: TheEdgeSingapore, 1 Feb 2010)

The Edge Singapore Stock Picks For 2010

Company	Price as at Jan 22 ($)	Dividend Yield (%)	PER (Times)
CapitaRetail China Trust	1.27	6.4	35.9
Frasers Centrepoint Trust	1.43	5.7	-
Great Eastern Holdings	13.5	1.6	14.3
Hyflux Water Trust	0.69	7.4	23.2
MobileOne	2.17	6.2	12.9
Pertama Holdings	0.35	6.2	13
Sembcorp Industries	3.55	3.1	12
SIA Engineering	3.51	4.6	16.1
SMRT Corp	1.89	4.1	15.9
Wheelock Properties	2.07	2.9	34.5

China property plays take a dive

YANLORD PROPERTIES ($1.90) - Breakdown from top formation

- Prices broke below support at $2.10

- Breakdown indicates a target of $1.50

- Traget looks attainable

PAN HONG (59 cents) - Turning down

- Evidence suggest that stock is forming a top

- Immediate support is at 60 cents

- Neckline is at 55 cents

- Break below this level indicates target of 40 cents

YING LI INTERNATIONAL REAL ESTATE (58 cents) - Breaks support

- Support at 60 cents

- Break below 60 cents could cause price to drift to 50 cents

CHINA NEW TOWN DEVELOPMENTS (13 cents) - Breaking below top

- Prices are testing the neckline at 12.5 cents

- Break below this level indicates a target of 7 cents

CAPITARETAIL CHINA TRUST ($1.20) - Gains relative strength

- Support is at $1.22 to $1.23 level

- Main uptrend is intact

- Resistance is at $1.36

CHINA YUANBANG (20 cents) - Poised for breakdown

- Support is at 20.5 cents

- Breakdown would indicate a target of 10 cents

(Source: TheEdgeSingapore January 25, 2010)

Selected stocks overstretched

MARCO POLO MARINE (60 cents) - Shooting star

- Clear shooting star formation on the candlestick chart

- Evidence shows that the upmove is still intact

- If price falls below 60 cents, then reversal has occurred

- Resistance is at 64.5 cents

FALCON ENERGY GROUP (86.5 cents) - Challenging resistance

- Indicators are mixed and prices may not follow through

- Prices were unable to clear the $1 mark

- Support at 79 cents

OTTO MARINE (52 cents) - Accelerated rise unsustainable

- Candlestick chart has formed a shooting star pattern

- Price may halt its upmove if it is not able to clear 57.5 cents

- Support is at 55.5 cents

EZION HOLDINGS (82.5 cents) - Poised for breakout

- Prices are showing signs of life

- Resistance is at 84 cents

- A successful break indicates a target of $1.08

- Support is at 80 cents

EZRA HOLDINGS ($2.49) - Temporary correction

- Prices on rising trend

- Counter could test the intermediate peak of $3

- Support is at $2.48

SWIBER HOLDINGS ($1.22) - Running on empty

- Sentiment is positive, prices are rising

- Candlestick pattern is suggesting that fatigue could creep in

- Support is at $1.12

- Resistance is at $1.25

(Source: TheEdgeSingapore, January 18 2010)

Buoyant start to 2010 by offshore stocks

COSCO CORP ($1.31) - Is this the real thing?

- Technically there appears to be institutional buying

- Quarterly momentum broke out of its resistance leveland continues to rise

- Immediate resistance at $1.44

- Support is at $1.23

KEPPEL CORP ($8.65) - Poised for breakout

- Quarterly momemtum is turning up and breaking out of an eight-month downtrend

- Break above $8.61 indicates a target of $9.61

- Break below $8.61 would negate the target

YANGZIJIANG SHIPBUILDING ($1.25) - Challenging resistance

- Prices are at resistance level

- Black candle and easing volume suggest that breakout is unlikely in near term

- Support appears at $1.19

- Prices should be able to break above $1.25 to $1.26 level before month is out

- If breakout occurs, new target is likely to be $1.50

ASL MARINE ($1.03) - Struggling at resistance

- $1 mark may provide resistance

- Support appears to be at 95 to 98 cents

SEMBCORP INDUSTRIES ($3.70) - Short-term retreat

- An earlier break above $3.51 indicated a target of $4.07 to $4.08

- Support should be raised to $3.58

SEMBCORP MARINE ($3.77) - Temporary retreat

- Support appears at $3.56

- Earlier break above $3.60 indicated a target of $4. This remains valid

(Source: TheEdgeSingapore, January 11 2010)