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)