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)