The Sentosa Effect

GENTING SINGAPORE (89.5 cents) – Clear Downtrend

- The entrenched downtrend is clear

- Prices fell below the key 200 day moving average

- Initial downside is at 70 cents

- Resistance is at 98 cents

SC GLOBAL DEVELOPMENTS ($1.77) – Still intact

- Quarterly momentum has turned down

- Best gains may be over but prices are not ready to fall

- Trading range between $1.60 and $1.80

CITY DEVELOPMENTS ($10.28) – Best gains over

- Prices have been ranging

- Resistance is at $10.62

- Support is at $10

CDL HOSPITALITY TRUST ($1.69) – Still resilient

- Prices could be range-bound

- Support is at $1.65

- Resistance is at $1.80

BANYAN TREE (69 cents) – Breaking down

- Support is at 65 cents

- Break below support indicates a target of 40 cents

- Resistance is at 74 to 75 cents range

HO BEE INTERNATIONAL ($1.67) – Narrow range

- Prices are likely to remain within a narrow range

- Resistance is at $1.72

- Break below $1.60 will suggest a downside target of $1.40

(Source: TheEdgeSingapore March 1 2010)