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)