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)