Stay with the blues

UNITED OVERSEAS BANK ($19.48) – Challenging resistance

- Support appears at $19

- Successful break above $19.80 indicates an objective of $22.10 to $22.20

HAW PAR ($6.08) – Breaking resistance

- Prices are just about breaking out of resistance at $6 to $6.05 range

- Successful break indicates a target of $6.60 to $6.70

- Break below $5.90 means all bets are off

NEPTUNE ORIENT LINES ($1.94) – Target of $2.30 intact

- Price broke above resistance level at $1.90

- Break indicates a target of $2.30

SINGAPAORE LAND ($6.95) – Breakout

- Prices have broken out of resistance at $6.75

- Successful break indicates a target of $7.60

SEMBCORP MARINE ($4.08) – Uptrend to resume

- Any retreat finds support at $3.85

- Earlier break above $3.85 indicated a target of $4.70

SMRT CORP ($2.03) – Uptrend underway

- Support appears at $1.95

- Earlier break above $1.95 indicated a target of $2.25

(Source: TheEdgeSingapore 29 March 2010)

Blue chips make their move

SINGAPORE TELECOMMUNICATIONS ($3.14) – Breaking out

- Breakout level is at $3.15

- Successful breakout indicates a target of $3.50

- Support is at $3.12 to $3.14

SEMBCORP ($3.94) – Breaks out of resistance

- Price broke out of resistance at $3.85

- Breakout indicates a target of $4.26

- Support is at $3.85

SINGAPORE AIRLINES ($15.84) – Testing year’s high

- Price broke out of resistance at $15

- Break above $15 indicates a target of $17

- Support is at $15.40

KEPPEL CORP ($8.83) – Emerging from sideways range

- Prices are attempting to break resistance at $8.70

- Successful break indicates a target of $9.90

CAPITAMALLS ASIA ($2.37) – Time to go shopping

- Resistance is at $2.40

- Successful break indicates a target of $2.53

- Support is at $2.25

HK LAND (US$4.93) – Poised for breakout

- Resistance is at US$5

- If prices are able to clear resistance, that would indicate a target of US$5.80

(Source: TheEdgeSingapore March 15 2010)

Interest buoys selected offshore plays

C2O HOLDINGS (43.5 cents) - At resistance

- Support is probably at 40 cents

- Rally occurred on a significant increase in volume

- Break above 45 cents indicate a target of 55 cents

HOE LEONG CORP (40 cents) - Challenging moving averages

- Any retreat is likely to meet support at 36 cents

- Break above 40 cents indicates a target of 51 cents

FALCON ENERGY (65 cents) - That sinking feeling

- Counter looks like it could be breaking down

- Last week, counter broke below support of 68 cents. Downside objective is 50 cents

- Break above 68 cents would negate the bearish outlook

SWISSCO HOLDINGS (87 cents) - Testing resistance

- Staged a robust recovery on significant expansion of volume

- Price support is at 84 cents

- Break above 88 cents indicates a target of $1

EZRA HOLDINGS ($2.32) - Needs a lifebuoy

- Looks less robust than some of the other offshore plays

- Uptrend is still intact. Price looks in danger of violating uptrend line

- Resistance is at $2.25 to $2.26

- Support is at $2.19 and $2 respectively

EZION HOLDINGS (73.5 cents) - Still afloat

- Resistance is at 76 cents

- Break above 76 cents sets the stage for a test of 90 cents

- Fail point is at 70 cents

(Source: TheEdgeSingapore March 8 2010)