Singing the blues

CAPITALAND ($4.01) – Support holds

-        Support appears at $3.90

-        Resistance is at $4.10

-        A breakout is unlikely in the near term and prices will stay range-bound

DBS GROUP HOLDINGS ($13.66) – Breaking down

-        Support appears at $13.44

-        Prices may continue to decline towards support

-        Further out, the stock is likely to trade in a range

KEPPEL CORP ($8.74) – At support

-        Hanging on to support

-        Support near current levels at $8.68

-        Upside is likely to be capped

-        Resistance is at $9

SINGAPORE AIRLINES ($15.44) – Moving towards support

-        Support is at $15.10

-        Resistance appears at $16

-        Prices should be able to hold above $15.10

-        Strong upmove is unlikely in the next few weeks.  Set to remain in a trading range

SINGAPORE TELECOMMUNICATIONS ($3.01) – Surprise gain

-        The key is to break above $3.04. 

-        If that occurs, there is an upside target of $3.50

WILMAR INTERNATIONAL ($6.18) – At support

-        Prices are at the confluence of support and rising 50 day moving average at $6.10

-        Break below $6.10 would cause a drop to $5.50

-        Prices may likely ease in the short term but overall is likely to trade within a range

-        Resistance is at $6.60

(Source: TheEdgeSingapore August 30, 2010)

Resort's world

Genting Singapore ($1.53) – Shooting star

-        Inability to rise above the top of the shadow displays a hint of technical weakness

-        Level to watch out is $1.50

-        Break below $1.50 indicates a downside target of $1.26

-        Resistance is at $1.69

Genting Hong Kong (28 US cents) – Poised for a breakout

-        Resistance is at twice tested 29 US cents level

-        Support is at 25 US cents

-        A successful break indicates a target of 36 cents

Banyan Tree (13 cents) – At support

-        This counter looks quite promising

-        Support is at 83 cents

-        Breakout level is at 86 cents

-        A successful break indicates a target of $1.05 with initial resistance at 95 cents

Ascott Residence Trust ($1.25) – At breakout point

-        One of the strongest looking charts at this stage of the market

-        A successful break above $1.25 indicates a target of $1.50

CDL Hospitality Trusts ($2.05) – Moving gradually higher

-        Prices have been trending upwards for the past 18 months

-        Support is at $1.90

-        Earlier break above $1.90 indicated a measuring objective of $2.30

-        Prices may find in difficult in maintaining their upward momentum

Hotel Properties ($2.98) – Still rising

-        Main uptrend is in force

-        A successful break above $3 indicates a new upside of $3.30

(Source: TheEdgeSingapore August 23 2010)

Tech is best

ARMSTRONG INDUSTRIAL CORP (41.5 cents) – Forming a top

-        Best gains for this counter are possibly behind it for the time being

-        Prices may be forming a top

-        Break below the neckline at 42 cents completes a top and indicates a target of 35 cents

FU YU CORP (13 cents) – Temporary retreat

-        Pullback should find support at 12 cents

-        Break above 13 cents would complete a bull flag and indicate a target of 17 cents

STATS CHIPPAC ($1.29) – Outperformer

-        Prices broke out of resistance at $1.17 two weeks ago

-        Break indicate an eventual target of $1.75

-        Support is at break out level

CREATIVE TECHNOLOGY ($4.01) – Drifting lower

-        Downward pressure has been exerted by the declining moving averages

-        Prices may continue to drift

SERIAL SYSTEM (13 cents) – Upmove intact

-        Break above 11.5 cents indicated a target of 18 cents

-        Technical indicators suggests that uptrend has yet to run its course

UMS HOLDIGNS (41 cents) – Building a top

-        Prices may be starting to build a top

-        Prices are likely to establish the neckline at 40 cents

-        Resistance is at 44 cents

-        Prices may fall below 40 cents with downside at around 30 cents

(Source: TheEdgeSingapore August 16 2010)

Blue chips promise breakouts

FRASER & NEAVE ($5.68) – Resuming upmove
- Indicators remain strong
- Prices have found support at $5.50
- Current move could turn out to be part of a top formation if price is unable to break above $5.90

KEPPEL CORP ($9.23) – Temporary retreat
- A temporary pullback is under way
- Prices had earlier cleared thrice tested resistance at $8.80
- That indicated a target of $9.90
- Support at $9.00

NEPTUNE ORIENT LINES ($2.13) – At resistance
- Prices are taking the form of an ascending triangle
- Prices are at twice tested resistance at $2.11
- Successful break indicates a target of $2.46
- Support is at $2.02

SINGAPORE AIRLINES ($16.08) – Clear skies
- Prices tested at high of $15.90 in March before retreating
- A breakout is not a done deal
- Support is at $15
- Successful break indicates an upside of $17.50

SINGAPORE TELECOMMUNICATIONS ($3.12) – Always promising
- Prices are testing resistance at $3.13 to $3.15 for the third time
- Momentum is strengthening
- It could be that once again prices may disappoint

UNITED OVERSEAS BANK ($19.70) – Retreats from resistance
- The two other banks  tested resistances and instead of breaking out got bogged down
- Prices have tested $19.80 to $20 level on previous occasions
- Support is at $19.20
- Successful break would indicate a target of $22

(Source: TheEdgeSingapore August 9 2010)