Resorts Play

GENTING SINGAPORE (94 cents) – Forming double bottom

- Break above 95 cents indicate a target of $1.03

- Support is at 83 cents

GALLANT VENTURES (27.5 cents) – No breakout yet

- Support has been established at 26 cents

- Resistance is at 30 cents

- Break above 30 cents indicates a target of 40 cents

OVERSEAS UNION ENTERPRISE ($17.20) – Stunning rally

- Last month prices surge gaining some 70%

- Break above $17 indicates a target of $25

GENTING HONG KONG (20 US cents) – Base formation

- Prices appear to be in base formation

- Support is just about at current levels

- Break above 20 US cents would provide the impetus for test of 23 US cents

AUSSINO GROUP (10 cents) – Out of the picture

- If prices can hold above 10 cents, they would have moved above the 200 day moving average

- Break above 10.5 cents sets a new upside target for the year

BANYAN TREE (80.5 cents) – Breaking out

- Prices are at the top of a base formation

- A successful break would indicate a target of 92 cents

(Source: TheEdgeSingapore May 3 2010)