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)