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)