That sinking feeling

OTTO MARINE (45 cents) – Approaching breakdown

- Prices are falling on high volume

- Breakdown level is at 43.5 cents

- Break below 43.5 cents indicate a target of 30 cents

EZRA HOLDINGS ($2.15) – Hanging by a thread

- Prices rebounded off 100 day moving average of $2.10

- Break below $2.10 may provide trigger for decline to around $1.80

YANGZIJIANG SHIPBUILDING ($1.02) – Downtrend develops

- There has been a clear breakdown from double top formation

- Prices are still set to fall and could go as low as 90 cents

FALCON ENERGY (71.5 cents) – Breaking below top

- Support is at 70 to 72 cents

-Break below support indicates an eventual target of 50 cents

MARCO POLO MARINE (47 cents) – Also breaking down

- Technical indicators are suggesting further declines

- Support at 47 cents

- Breakdown below 47 cents indicates a target of 30 cents

COSCO CORP ($1.21) – Poised for breakdown

- This unloved counter has the greatest relative strength

- Support is at $1.20

- Resistance is at $1.35

(Source: TheEdgeSingapore, Feb 8 2010)