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)