ALLGREEN PROPERTIES ($1.06) – Start of a trend?
- Prices should be able to find support around $1 to $1.04 range
- Resistance is at $1.16
- There is potential of a fairly good downtrend
GUOCOLAND ($2.14) – At support
- Support appears at $2.10
- Break above $2.19 would indicate an all round stronger phase ahead and lead to a significant upside target
WHEELOCK PROPERTIES ($1.81) – Gains strength against sector
- Prices have been rangebound for much of the year
- Resistance is at $1.92
- Support has been established at $1.75
CITY DEVELOPMENTS ($11.18) – Testing support
- Prices have fallen sharply but the 200 day moving average halted the decline
- $10.97 level may hold in the near term but any rebound will likely find resistance at $11.70
- Break below $10.97 would indicate a significant downside target
UOL GROUP ($4.02) – Tight range
- Prices are unlikely to move strongly upwards
- Near term moves will probably be in a tight range
- Resistance is at $4.02.
WING TAI HOLDINGS ($1.62) – Breaks below moving averages
- The decline following the break below $1.68 has yet to run its course
- There is some support at $1.55. More substantial support appears at $1.30
- Any rebound finds resistance at $1.68
(Source: TheEdgeSingapore September 6 2010)
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