Blue-chips mixed

GREAT EASTERN HOLDINGS ($16.56) - Greater relative strength

- If any correction materializes, it is likely to be temporary

- Support appears at $15.80

- There is a target of $18 from an earler breakout

DBS GROUP HOLDINGS ($13.44) - Temporary bounce

- Prices broke below support/neckline at $13.90 to $14

- Break indicates a target of $12.60

OCBC ($8.31) - On the brink

- Prices have fallen below the 200 day moving average at $8.39

- Levels to watch out for are a breakdown below $8.20

. That would indicate a target of $7.10

- Resistance is at $8.39

UNITED OVERSEAS BANK ($18.94) - Intact

- Prices are still holding above its 200 day moving average

- Resistance is at $19.40

SINGAPORE EXCHANGE ($7.39) - Bottom of downtrend channel

- Resistance appears at $7.50, a breakdown level

- Original breakdown indicated a target of $6.20 and this could be met in due course

CAPITALAND ($3.54) - At support

- Although supports can break, the worst decline could be over

- Rebound is unlikely to be strong and the counter is likely to be range-bound

- Resistance appears at $3.70

- Break below $3.50 would indicate a new downside target

(Source: TheEdgeSingapore June 14 2010)