Tech plays in the limelight

BROADWAY ($1.20) – Attempting breakout

-        Quarterly momentum is turning up

-        Likely price break above $1.25 resistance

-        Successful break indicates a target of $1.40

-        Support at $1.16

DMX TECH (35 cents) – Base formation

-        Prices have been entrenched in range of 34 to 36 cents

-        Quarterly momentum and ADX are flat

FRENCKEN (32 cents) – Rebounds off support

-        Prices should be able to reach and breach 37 cents

-        Successful break indicates a target of 51 cents

-        Fail point is at 30.5 cents

LONGCHEER (72 cents) – No cheer yet

-        In terms of relative strength, this is one of the weaker tech stocks

-        Resistance is at 75 cents

-        Prices have an even chance to break out

-        Successful break indicates a target of 80 cents

-        Support is at 70 cents

UMS HOLDING (42 cents) – Somewhat overstretched

-        Prices appear stretched

-        If it can break above 41 cents, the target indicated is 48 cents

-        Support is at 40 cents

ROKKO HOLDINGS (16 cents) – Shooting star

-        Shooting star formation may temporarily curb advances

-        Prices need to break 17 cents to confirm upmove

-        Support is at 15 cents

-        Break above 17 cents indicates a target of 23 cents

(Source: TheEdgeSingapore August 2 2010)

The greening of China

RENEWABLE ENERGY ASIA GROUP LTD (34.5 cents) – Short term overstretched

-        Any retreat should find support at 31 cents

-        50 day and 100 day moving average appear poised to move apart

-        Should fuel a breakout of 34 cents

CHINA ENVIRONMENT LTD (25 cents) – Challenging 100 day moving average

-        Appear ready to challenge the 100 day moving average at 25 cents

-        May trigger a break above 25 cents

-        Fail point is at 23 cents

SUNPOWER GROUP LTD (21.5 cents) – Testing downtrend

-        Break point is at 22 cents

-        Successful break indicates an upside of 30 cents

-        Support is at 20 cents

UPP HOLDINGS LTD (18 cents) – Stuck in a sideways range

-        Technicals suggest that prices could weaken

-        Break above 19.5 cents with target of 25 cents

EZION HOLDINGS LTD (70.5 cents) – Poised for breakout

-        Prices are struggling to move above 100 day moving average at 69 cents

-        Successful break would indicate a target of 84 cents

-        Support is at 66 cents

THINK ENVIRONMENTAL CO LTD (41.5 cents) – Not much action

-        Prices could be pressured by the confluence of 50 day and 100 day moving averages at 41 cents

-        A move above this is needed to trigger a breakout

-        Support appears at 39 cents

(Source: TheEdgeSingapore July 26 2010)

China property plays in base formations

CAPITALAND ($3.70) – Poised at top of base

-        Prices are in double bottom base formation

-        Resistance is at $3.79

-        An upturn by ADX would provide impetus for price break

-        If break out occurs, target is $4.10

CAPITARETAIL CHINA TRUST ($1.25) – Attempting to challenge resistance

-        Prices are near resistance at $1.28 level

-        A upturn in ADX could provide trigger for an break out which sets a target of $1.46

-        Resistance is at $1.28 level

-        Support is at $1.20

YING LI INTERNATIONAL REAL ESTATE (42.5 cents) – Approaching resistance

-        Prices are in the process of forming a small double-bottom

-        Top of the double bottom formation is at 45 cents

-        Break above 45 cents would indicate a target of 52 cents

PAN HONG PROPERTY GROUP (49 cents) – Testing moving average

-        Resistance is at 50 cents

-        Break above 50 cents indicate a target of 60 cents

SUNSHINE PROPERTY HOLDINGS (7.5 cents) – At break point

-        Both short term and medium term indicators are turning up

-        Break above 8 cents indicates a measuring objective of 10.5 to 11 cents

YANLORD LAND GROUP ($1.89) – Breaks out of downtrend

-        Prices have broken out of a one year downtrend line

-        Resistance is at $2

-        Break above $2 indicates a target of $2.50

-        Support is at $1.77

(Source: TheEdgeSingapore July 19 2010)

Resource stocks a mixed bag

WILMAR INTERNATIONAL ($6.08) – Poised to regain breakout

- Prices are attempting to challenge resistance at $6

- A strong uptrend may not develop

- Support is at $5.50

- Resistance is at $6 and $6.40

GOLDEN AGRI-RESOURCES (54 cents) – Saved from the brink

- This stock could go either way

- If support at 51 cents hold, prices could break out of 54 cents

- Such move indicates a target of 67 cents

ASIA FOOD AND PROPERTIES (57 cents) – Resilient

- Prices appear poised for a breakout on the upside

- Prices could break above 57 cents and this indicates an objective of 70 cents

INDOFOOD AGRI RESOURES ($2.07) – Weaker than the sector

- Weakest stock in the sector

- Price could start trending downwards

- Initial support is at $1.67

FIRST RESOURCE ($1.08) – Attempting breakout

- Quarterly momentum appear lackluster

- Break above sideway range at $1.12 is needed for further upside potential

KENCANA AGRI (30 cents) – Range-bound

- Indicators look weak

- Crucial support at 29 cents

- Resistance is at 30 cents

- Break below 29 cents indicate a target of 24 cents

(Source: TheEdgeSingapore July 12 2010)

Transportation stocks see red

SIA ENGINEERING ($3.92) - Greater relative strength

- Still intact uptrend

- Could have a temporary correction with prices falling to $3.78 to $3.80 range

- As a first line of defence, the 50 day moving average is at $3.77

- Resistance at $4

SINGAPORE AIRLINES ($14.46) - On the brink

- Prices could be on the brink of a breakdown

- If prices rebound, resistance is at $15

- Break below $14.20 indicates a target of $12

NEPTUNE ORIENT LINES($1.91) - Downturn

- On the downside, prices may not fall further than the $1.85 to $1.88 range

- Support is at $1.85

- Resistance is at $2

COMFORTDELGRO($1.45) - Downtrend developing

- In the short term prices will likely ease to support at $1.38 to $1.40 level

- Break below support level indicates a target of $1.26

- Resistance is at $1.49

SMRT($2.23) - At resistance

- Breakout above $2.29 remains difficult

- Prices could ease towards $2.08

SAMUDERA SHIPPING (23 cents) - Attempting to break above resistance

- Support has been established at 20 cents

- Quaterly momentum is attempting to break above resistance and its equilibrium line

(Source: TheEdgeSingapore July 5 2010)