Doing the shipyard shuffle

BAKER TECHNOLOGY (56.5 cents) – Set for a pullback

- Target from the breakout has been met

- Thread carefully and leave before the party ends

- Support is at 50 cents and 43 cents

KEPPEL CORP ($10.06) – Above the fray

- Uptrend should probably be maintained

- Support is at breakout level of $9.70

- Breakout above $9.70 indicates a target of $10.80

SEMBCORP MARINE ($4.33) – The bystander

- Short term moves may be downwards

- Support is at $4.15

- Immediate resistance is at $4.33

- Break above $4.50 indicates a new upside of $5

YANGZIJIANG SHIPBUILDING ($1.43) – Acquirer discount

- Target from break above $1.25 has been met

- Minor support at $1.40

- Substantial support at $1.25

- Resistance is at $1.55

COSCO CORP ($1.79) – Joins the club

- Prices are likely to ease

- Support is at $1.78

- If support holds, prices may attempt a rebound towards $1.87

JES SHIPBUILDING (25 cents) – Out of the picture

- Range could be narrow with support at 22 cents

- Top of the shadow of the shooting star is at 26 cents

(Source: TheEdgeSingapore 26 April 2010)

Looking at laggards

HOTEL PROPERTIES LTD ($2.37) - Breakout point

- Prices should be able to find support at $2.30

- If price can break $2.40 the target is at $2.90

SC GLOBAL DEVELOPMENTS ($1.88) - Sideways range

- Price support has been established at $1.80

- Break above $2 indicates a target of $2.25

UNITED OVERSEAS LAND ($4.09) - At resistance

- Prices should find support at $4

- Resistance is at $4.19

- Break above resistance indicates a target of $4.80

ALLGREEN PROPERTIES ($1.27) - Testing resistance

- Resistance is at $1.29 mark

- A successful break indicates a target of $1.55

- Support is at $1.22

WHEELOCK PROPERTIES ($1.95) - Short-term retreat

- Immediate resistance is at $2

- Break aove $2.14 would give a measured move to a new upside target

HO BEE INVESTMENTS ($1.78) - Weaker than sector

- Prices are holding above their moving averages but have retreated from the $1.90 resistance level

- Support is at $1.78

- Prices could re-test $1.55 level

(Source: TheEdgeSingapore April 19 2010)

REIT stocks to look at

ARA ASSET MANAGEMENT ($1.18) - Possible rally

- Price broke out of sideway range at $1.15

- Target of $1.26

- Support level at $1.15

ASCENDAS REIT ($1.95) - Sideways range

- Resistance is at $2 level

- A price break above $2 indicates a target of $2.20

- Support level at $1.93

ASCOTT RESIDENCE TRUST ($1.26) - Rebounding off support

- Resistance is at $1.38

- Prices should be able to hold at $1.24 in the event of any retreat

CDL HOSPITALITY TRUST ($1.90) - Temporary retreat

- Short term moves will probably be lower

- Support appears at $1.76

- Resistance is at $2

CAMBRIDGE INDUSTRIAL TRUST (50 cents) - Breaks out

- Prices broke out of resistance at 47 cents

- Break indicates target of 57 cents

SUNTEC REIT ($1.37) - Challenging resistance

- Support level is at $1.35

- Break above $1.37 would provide momentum to test $1.50

(Source: TheEdgeSingapore April 12 2010)

Wind in their sails

NEPTUNE ORIENT LINES ($2.15) - A second breakout

- Prices broke out of resistance at $1.90 in early March which indicated a target of $2.30

- $2.30 is the minimum target

- Support is at $1.90

VIKING OFFSHORE & MARINE (21.5 cents) - Challenging resistance

- Resistance is at 22 cents

- Break above 22 cents indicate an objective of 27 cents

- Stop loss level is a t 19 cents

COURAGE MARINE (20.5 cents) - Retreat in force

- Prices is in the process of retreat from 22 cents

- May retreat to 19 to 20 cents level

- Break above 22 cents will indicate a target of 27 cents

MERCATOR LINES (28.5 cents) - Attempting to break above moving averages

- Prices are below its downtrend line

- Prices may attempt to break 29.6 cents

- Resistance is at 32 cents

- Support is at 26 cents

C2O HOLDINGS (45.5 cents) - Challenging resistance

- Prices are making attempt to challenge resistance at 45 cents

- Break above resistance indicates a target of 52 cents

- Support has been established at 42 cents

STX PAN OCEAN ($17) - Breaking out of resistance

- Prices have risen above resistance level at $16.54

- Support is at $16

- Break above $16.54 indicates a target of more than $19

(Source: TheEdgeSingapore April 5 2010)