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)