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)