Bruised blue-chips rebound

DBS GROUP HOLDINGS ($14.18) - At the neckline

- Range is likely to be narrow

- Support is at $14

- Resistance appears at $14.80

OVERSEA-CHINESE BANKING CORP ($8.49) - Temporary bounce

- Prices managed to rebound from support at $8.10

- Break of support indicate a target of $6.70

- Prices are in rebound mood

- Resistance at $8.80

UNITED OVERSEAS BANK ($18.40) - Counter-trend move

- Support has been established at $18

- Resistance is at $19

- Probability of a breakdown is higher

KEPPEL CORP ($8.33) - Still sideways

- Managed to hold above $8.12 to $8.17 range

- Chart pattern remains precarious

- Only break above $8.65 would negate the likelihood of a potential breakdown

CAPITALAND ($3.86) - Downtrend develops

- Prices are experiencing a temporary rebound

- Resistance appears at $4

- Break below $4 indicates a target of $3.40

CITY DEVELOPMENTS ($10.66) - Hanging on

- Chart looks like a top formation

- Support is at $10.40

- Break of support indcates a target of $8.80

- Resistance at $10.80 to $10.90

(Source: TheEdgeSingapore February 15, 2010)