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)