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)